CHD vs XLP: Correlation
How closely do Church & Dwight (CHD) and Consumer Staples Select Sector SPDR Fund (XLP) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and XLP?
Over the past 3 years, CHD and XLP moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 90.0 %².
Few assets follow CHD as closely as XLP, which ranks #3 of 27 tracked partners. Twelve-month performance is nearly a tie, at +11.5% for CHD and +8.3% for XLP. The rolling one-year correlation moved between 0.30 and 0.70 over the past three years, a moderate range. Risk is not evenly split, since CHD carries 1.6 times the volatility of the other side.
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 XLP: side by side
| CHD (Church & Dwight) | XLP (Consumer Staples Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +11.5% | +8.3% |
| 5-year return | +30.0% | +34.7% |
| Volatility (ann.) | 17.6% | 11.1% |
| Beta vs S&P 500 | 0.07 | 0.23 |
| Max drawdown (3Y) | -27.3% | -9.7% |
| Market cap | $24.3B | – |
| P/E (trailing) | 33.0 | – |
| Dividend yield | 1.17% | 2.58% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $14.6B |
| Sector / category | Consumer Staples | Sector ETF |
On the fund side, XLP sits in the Consumer Defensive category at State Street Investment Management, with $14.6B under management, 35 holdings, a 0.08% expense ratio, a 2.58% trailing dividend yield.
Year-by-year returns
| Year | CHD | XLP |
|---|---|---|
| 2022 | -20.4% | -0.8% |
| 2023 | +18.7% | -0.8% |
| 2024 | +12.0% | +12.2% |
| 2025 | -18.9% | +1.5% |
| 2026 | +23.2% | +10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.53% of XLP is CHD itself, so the fund partly moves with the stock by construction.
Are CHD and XLP good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHD and XLP?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.55 over the last year and 0.60 over 5 years.
Is XLP a good diversifier for CHD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chd-vs-xlp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chd-vs-xlp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHD correlations · XLP correlations
