AKAN vs CLX: Correlation
Akanda Corp. (AKAN) and Clorox (CLX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and CLX?
Over the past 3 years, AKAN and CLX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.25 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -1764.9 %².
CLX is close to the least connected end of AKAN's tracked universe, ranking #22 of 26. Their recent paths diverged sharply: over the last 12 months CLX outperformed by 86.4 percentage points (-95.2% for AKAN against -8.8% for CLX). Note the risk asymmetry: AKAN runs 11.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AKAN vs CLX: side by side
| AKAN (Akanda Corp.) | CLX (Clorox) | |
|---|---|---|
| 1-year return | -95.2% | -8.8% |
| 5-year return | -100.0% | -26.0% |
| Volatility (ann.) | 285.6% | 24.4% |
| Beta vs S&P 500 | 2.86 | 0.39 |
| Max drawdown (3Y) | -99.9% | -46.1% |
| Market cap | – | $12.5B |
| P/E (trailing) | – | 21.7 |
| Dividend yield | 0.00% | 4.77% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AKAN | CLX |
|---|---|---|
| 2022 | – | -17.0% |
| 2023 | -70.5% | +5.0% |
| 2024 | -95.5% | +17.7% |
| 2025 | -90.9% | -35.6% |
| 2026 | -58.9% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and CLX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKAN and CLX?
As of 2026-08-27, the correlation of weekly returns between AKAN and CLX is -0.25 over 3 years, -0.37 over 1 year and -0.17 over 5 years.
Is CLX a good diversifier for AKAN?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: AKAN correlations · CLX correlations
