CHD vs MKC: Correlation
Church & Dwight (CHD) and McCormick & Company (MKC) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and MKC?
Across a 3-year window, the weekly returns of CHD and MKC correlate at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.34). Stretching to 5 years gives 0.42, with an annualized covariance of 157.3 %².
Within CHD's tracked universe of 27 assets, MKC comes in at #10 by 3-year correlation. The last year tells two different stories: CHD led by 31.8 percentage points, +11.5% for CHD against -20.3% for MKC. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.00 to 0.53. One caveat on sizing: MKC is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MKC: side by side
| CHD (Church & Dwight) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +11.5% | -20.3% |
| 5-year return | +30.0% | -28.5% |
| Volatility (ann.) | 17.6% | 26.5% |
| Beta vs S&P 500 | 0.07 | 0.24 |
| Max drawdown (3Y) | -27.3% | -44.3% |
| Market cap | $24.3B | $14.7B |
| P/E (trailing) | 33.0 | 9.2 |
| Dividend yield | 1.17% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | MKC |
|---|---|---|
| 2022 | -20.4% | -12.7% |
| 2023 | +18.7% | -15.7% |
| 2024 | +12.0% | +14.0% |
| 2025 | -18.9% | -8.3% |
| 2026 | +23.2% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and MKC good diversifiers for each other?
Reasonably. At 0.34, CHD and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHD and MKC?
As of 2026-08-27, the correlation of weekly returns between CHD and MKC is 0.34 over 3 years, 0.48 over 1 year and 0.42 over 5 years.
Is MKC a good diversifier for CHD?
Reasonably. At 0.34, CHD and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chd-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHD correlations · MKC correlations
