CHD vs KMB: Correlation
How closely do Church & Dwight (CHD) and Kimberly-Clark (KMB) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and KMB?
On 3 years of weekly data the CHD/KMB correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 148.0 %².
By 3-year correlation, KMB places #4 of the 27 assets tracked against CHD. Their recent paths diverged sharply: over the last 12 months CHD outperformed by 22.9 percentage points (+11.5% for CHD against -11.4% for KMB). Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.69.
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 KMB: side by side
| CHD (Church & Dwight) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | +11.5% | -11.4% |
| 5-year return | +30.0% | -2.6% |
| Volatility (ann.) | 17.6% | 19.3% |
| Beta vs S&P 500 | 0.07 | 0.15 |
| Max drawdown (3Y) | -27.3% | -34.1% |
| Market cap | $24.3B | $36.6B |
| P/E (trailing) | 33.0 | 21.7 |
| Dividend yield | 1.17% | 4.60% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | KMB |
|---|---|---|
| 2022 | -20.4% | -1.6% |
| 2023 | +18.7% | -7.1% |
| 2024 | +12.0% | +11.8% |
| 2025 | -18.9% | -19.9% |
| 2026 | +23.2% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and KMB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHD and KMB?
The CHD/KMB correlation stands at 0.43 on a 3-year window (1 year: 0.40, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is KMB a good diversifier for CHD?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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.
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Related comparisons
Hubs: CHD correlations · KMB correlations
