CHD vs CL: Correlation
Church & Dwight (CHD) and Colgate-Palmolive (CL) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and CL?
On 3 years of weekly data the CHD/CL correlation comes out at 0.57, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.57). The 5-year figure is 0.63, and annualized covariance runs at 168.6 %².
Few assets follow CHD as closely as CL, which ranks #1 of 27 tracked partners. Neither side won the trailing year by much: +11.5% against +10.4%. On a rolling one-year basis the correlation drifted between 0.37 and 0.74, a moderate band.
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.
CHD vs CL: side by side
| CHD (Church & Dwight) | CL (Colgate-Palmolive) | |
|---|---|---|
| 1-year return | +11.5% | +10.4% |
| 5-year return | +30.0% | +32.0% |
| Volatility (ann.) | 17.6% | 16.9% |
| Beta vs S&P 500 | 0.07 | 0.17 |
| Max drawdown (3Y) | -27.3% | -29.0% |
| Market cap | $24.3B | $72.5B |
| P/E (trailing) | 33.0 | 36.2 |
| Dividend yield | 1.17% | 2.27% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | CL |
|---|---|---|
| 2022 | -20.4% | -5.4% |
| 2023 | +18.7% | +3.8% |
| 2024 | +12.0% | +16.6% |
| 2025 | -18.9% | -11.0% |
| 2026 | +23.2% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and CL good diversifiers for each other?
Only partially. A correlation of 0.57 means CHD and CL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CHD and CL?
As of 2026-08-27, the correlation of weekly returns between CHD and CL is 0.57 over 3 years, 0.68 over 1 year and 0.63 over 5 years.
Is CL a good diversifier for CHD?
Only partially. A correlation of 0.57 means CHD and CL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHD correlations · CL correlations
