BP vs CLX: Correlation
How closely do BP p.l.c. (BP) and Clorox (CLX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and CLX?
Across a 3-year window, the weekly returns of BP and CLX correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.08, with an annualized covariance of -131.0 %².
By 3-year correlation, CLX places #14 of the 26 assets tracked against BP. Correlation aside, the last 12 months split them widely, with BP ahead by 36.4 points (+27.6% versus -8.8%).
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.
BP vs CLX: side by side
| BP (BP p.l.c.) | CLX (Clorox) | |
|---|---|---|
| 1-year return | +27.6% | -8.8% |
| 5-year return | +119.9% | -26.0% |
| Volatility (ann.) | 26.6% | 24.4% |
| Beta vs S&P 500 | 0.06 | 0.39 |
| Max drawdown (3Y) | -30.6% | -46.1% |
| Market cap | $109.0B | $12.5B |
| P/E (trailing) | 20.3 | 21.7 |
| Dividend yield | 0.79% | 4.77% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BP | CLX |
|---|---|---|
| 2022 | +37.0% | -17.0% |
| 2023 | +6.0% | +5.0% |
| 2024 | -11.8% | +17.7% |
| 2025 | +24.5% | -35.6% |
| 2026 | +26.4% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and CLX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between BP and CLX?
As of 2026-08-27, the correlation of weekly returns between BP and CLX is -0.20 over 3 years, -0.24 over 1 year and -0.08 over 5 years.
Is CLX a good diversifier for BP?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bp-vs-clx.json
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Related comparisons
Hubs: BP correlations · CLX correlations
