CL vs CLX: Correlation
How closely do Colgate-Palmolive (CL) and Clorox (CLX) 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 CL and CLX?
Over the past 3 years, CL and CLX moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 178.4 %².
Among the 40 assets we track against CL, CLX ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CL ahead by 19.2 points (+10.4% versus -8.8%). On a rolling one-year basis the correlation drifted between 0.29 and 0.74, a moderate band.
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.
CL vs CLX: side by side
| CL (Colgate-Palmolive) | CLX (Clorox) | |
|---|---|---|
| 1-year return | +10.4% | -8.8% |
| 5-year return | +32.0% | -26.0% |
| Volatility (ann.) | 16.9% | 24.4% |
| Beta vs S&P 500 | 0.17 | 0.39 |
| Max drawdown (3Y) | -29.0% | -46.1% |
| Market cap | $72.5B | $12.5B |
| P/E (trailing) | 36.2 | 21.7 |
| Dividend yield | 2.27% | 4.77% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CL | CLX |
|---|---|---|
| 2022 | -5.4% | -17.0% |
| 2023 | +3.8% | +5.0% |
| 2024 | +16.6% | +17.7% |
| 2025 | -11.0% | -35.6% |
| 2026 | +17.2% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and CLX good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CL and CLX?
The CL/CLX correlation stands at 0.43 on a 3-year window (1 year: 0.41, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is CLX a good diversifier for CL?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/cl-vs-clx.json
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Related comparisons
Hubs: CL correlations · CLX correlations
