CHD vs PG: Correlation
Measured on weekly returns over the past three years, Church & Dwight (CHD) and Procter & Gamble (PG) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and PG?
Over the past 3 years, CHD and PG moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 144.7 %².
In CHD's tracked universe of 27 assets, PG sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CHD outperformed by 17.6 percentage points (+11.5% for CHD against -6.1% for PG). The link looks structural: the rolling one-year correlation barely moved, holding between 0.47 and 0.62.
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 PG: side by side
| CHD (Church & Dwight) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +11.5% | -6.1% |
| 5-year return | +30.0% | +13.9% |
| Volatility (ann.) | 17.6% | 15.3% |
| Beta vs S&P 500 | 0.07 | 0.19 |
| Max drawdown (3Y) | -27.3% | -21.2% |
| Market cap | $24.3B | $332.7B |
| P/E (trailing) | 33.0 | 21.9 |
| Dividend yield | 1.17% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | PG |
|---|---|---|
| 2022 | -20.4% | -5.0% |
| 2023 | +18.7% | -0.9% |
| 2024 | +12.0% | +17.3% |
| 2025 | -18.9% | -12.3% |
| 2026 | +23.2% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and PG good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CHD and PG?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.50 over the last year and 0.62 over 5 years.
Is PG a good diversifier for CHD?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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.
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Related comparisons
Hubs: CHD correlations · PG correlations
