PKG vs. IP
PKG (Packaging Corporation of America) and IP (International Paper Company) are both stocks. Both operate in the Packaging & Containers industry within the Consumer Cyclical sector. Over the past 10 years, PKG returned 16.83%/yr vs 3.78%/yr for IP. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
PKG vs. IP - Performance Comparison
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Returns By Period
In the year-to-date period, PKG achieves a 14.90% return, which is significantly higher than IP's -4.00% return. Over the past 10 years, PKG has outperformed IP with an annualized return of 16.83%, while IP has yielded a comparatively lower 3.78% annualized return.
PKG
- 1D
- 2.19%
- 1M
- 9.11%
- YTD
- 14.90%
- 6M
- 14.72%
- 1Y
- 28.34%
- 3Y*
- 25.25%
- 5Y*
- 15.04%
- 10Y*
- 16.83%
IP
- 1D
- 0.19%
- 1M
- 17.90%
- YTD
- -4.00%
- 6M
- -3.76%
- 1Y
- -15.66%
- 3Y*
- 11.31%
- 5Y*
- -4.36%
- 10Y*
- 3.78%
PKG vs. IP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PKG Packaging Corporation of America | 14.90% | -6.08% | 41.70% | 31.90% | -2.62% | 1.55% | 27.20% | 38.35% | -28.85% | 45.51% |
IP International Paper Company | -4.00% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
Correlation
The correlation between PKG and IP is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2000 | 0.65 |
The correlation between PKG and IP shifts across timeframes, from 0.65 (all time) to 0.77 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
PKG:
$20.85B
IP:
$19.62B
PKG:
$8.25
IP:
-$6.29
PKG:
2.28
IP:
0.78
PKG:
4.55
IP:
1.32
PKG:
$9.22B
IP:
$24.97B
PKG:
$1.89B
IP:
$7.44B
PKG:
$1.84B
IP:
-$41.00M
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Return for Risk
PKG vs. IP — Risk / Return Rank
PKG
IP
PKG vs. IP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Packaging Corporation of America (PKG) and International Paper Company (IP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PKG | IP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.97 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.35 | +2.00 |
| Martin ratioReturn relative to average drawdown | 3.61 | -0.61 | +4.22 |
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Drawdowns
PKG vs. IP - Drawdown Comparison
The maximum PKG drawdown since its inception was -66.88%, smaller than the maximum IP drawdown of -90.62%. Use the drawdown chart below to compare losses from any high point for PKG and IP.
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Drawdown Indicators
| PKG | IP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.88% | -90.62% | +23.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.21% | -45.52% | +28.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.43% | -48.61% | +20.18% |
Max Drawdown (5Y)Largest decline over 5 years | -31.78% | -48.61% | +16.83% |
Max Drawdown (10Y)Largest decline over 10 years | -38.18% | -55.27% | +17.09% |
Current DrawdownCurrent decline from peak | -3.80% | -34.51% | +30.71% |
Average DrawdownAverage peak-to-trough decline | -11.72% | -20.90% | +9.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 25.72% | -17.85% |
Volatility
PKG vs. IP - Volatility Comparison
The current volatility for Packaging Corporation of America (PKG) is 8.09%, while International Paper Company (IP) has a volatility of 13.54%. This indicates that PKG experiences smaller price fluctuations and is considered to be less risky than IP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PKG | IP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.09% | 13.54% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 20.73% | 33.00% | -12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.80% | 42.63% | -14.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.47% | 32.80% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 32.36% | -4.97% |
Dividends
PKG vs. IP - Dividend Comparison
PKG's dividend yield for the trailing twelve months is around 2.24%, less than IP's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.01% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
PKG Packaging Corporation of America | 2.24% | 2.42% | 2.22% | 3.07% | 3.71% | 2.94% | 2.44% | 2.82% | 3.59% | 2.09% | 2.78% | 3.49% |
Financials
PKG vs. IP - Financials Comparison
This section allows you to compare key financial metrics between Packaging Corporation of America and International Paper Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PKG vs. IP - Profitability Comparison
PKG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported a gross profit of 452.90M and revenue of 2.37B. Therefore, the gross margin over that period was 19.1%.
IP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a gross profit of 1.73B and revenue of 5.97B. Therefore, the gross margin over that period was 28.9%.
PKG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported an operating income of 272.60M and revenue of 2.37B, resulting in an operating margin of 11.5%.
IP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported an operating income of 76.00M and revenue of 5.97B, resulting in an operating margin of 1.3%.
PKG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported a net income of 170.90M and revenue of 2.37B, resulting in a net margin of 7.2%.
IP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a net income of 76.00M and revenue of 5.97B, resulting in a net margin of 1.3%.
Frequently Asked Questions
PKG and IP have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (13.54%) compared to PKG (8.09%). In terms of maximum drawdown, PKG dropped -66.88% vs IP's -90.62%.
PKG currently has the higher Sharpe Ratio (1.03 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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