CHD vs CLX: Correlation
Measured on weekly returns over the past three years, Church & Dwight (CHD) and Clorox (CLX) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and CLX?
Across a 3-year window, the weekly returns of CHD and CLX correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 157.0 %².
By 3-year correlation, CLX places #7 of the 27 assets tracked against CHD. The last year tells two different stories: CHD led by 20.3 percentage points, +11.5% for CHD against -8.8% for CLX. Across three years, the rolling one-year figure varied moderately, from 0.18 to 0.59.
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 CLX: side by side
| CHD (Church & Dwight) | CLX (Clorox) | |
|---|---|---|
| 1-year return | +11.5% | -8.8% |
| 5-year return | +30.0% | -26.0% |
| Volatility (ann.) | 17.6% | 24.4% |
| Beta vs S&P 500 | 0.07 | 0.39 |
| Max drawdown (3Y) | -27.3% | -46.1% |
| Market cap | $24.3B | $12.5B |
| P/E (trailing) | 33.0 | 21.7 |
| Dividend yield | 1.17% | 4.77% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | CLX |
|---|---|---|
| 2022 | -20.4% | -17.0% |
| 2023 | +18.7% | +5.0% |
| 2024 | +12.0% | +17.7% |
| 2025 | -18.9% | -35.6% |
| 2026 | +23.2% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and CLX good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHD and CLX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.45 over the last year and 0.51 over 5 years.
Is CLX a good diversifier for CHD?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/chd-vs-clx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chd-vs-clx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHD correlations · CLX correlations
