CAG vs KMB: Correlation
How closely do ConAgra Brands, Inc. (CAG) and Kimberly-Clark (KMB) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and KMB?
On 3 years of weekly data the CAG/KMB correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 183.9 %².
Among the 34 assets we track against CAG, KMB ranks #15 by 3-year correlation. Their 12-month results are close: -9.8% for CAG against -11.4% for KMB.
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.
CAG vs KMB: side by side
| CAG (ConAgra Brands, Inc.) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | -9.8% | -11.4% |
| 5-year return | -36.6% | -2.6% |
| Volatility (ann.) | 24.2% | 19.3% |
| Beta vs S&P 500 | -0.05 | 0.15 |
| Max drawdown (3Y) | -56.7% | -34.1% |
| Market cap | $7.7B | $36.6B |
| P/E (trailing) | – | 21.7 |
| Dividend yield | 8.65% | 4.60% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CAG | KMB |
|---|---|---|
| 2022 | +17.5% | -1.6% |
| 2023 | -22.8% | -7.1% |
| 2024 | +1.5% | +11.8% |
| 2025 | -33.3% | -19.9% |
| 2026 | -2.1% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and KMB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CAG and KMB?
As of 2026-08-27, the correlation of weekly returns between CAG and KMB is 0.39 over 3 years, 0.41 over 1 year and 0.51 over 5 years.
Is KMB a good diversifier for CAG?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
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Related comparisons
Hubs: CAG correlations · KMB correlations
