CL vs CPB: Correlation
How closely do Colgate-Palmolive (CL) and The Campbell's Company (CPB) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and CPB?
Over the past 3 years, CL and CPB moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 215.5 %².
By 3-year correlation, CPB places #9 of the 40 assets tracked against CL. Their recent paths diverged sharply: over the last 12 months CL outperformed by 33.2 percentage points (+10.4% for CL against -22.8% for CPB).
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 CPB: side by side
| CL (Colgate-Palmolive) | CPB (The Campbell's Company) | |
|---|---|---|
| 1-year return | +10.4% | -22.8% |
| 5-year return | +32.0% | -30.8% |
| Volatility (ann.) | 16.9% | 24.5% |
| Beta vs S&P 500 | 0.17 | 0.07 |
| Max drawdown (3Y) | -29.0% | -58.1% |
| Market cap | $72.5B | – |
| P/E (trailing) | 36.2 | 11.4 |
| Dividend yield | 2.27% | 6.72% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CL | CPB |
|---|---|---|
| 2022 | -5.4% | +34.8% |
| 2023 | +3.8% | -21.5% |
| 2024 | +16.6% | +0.1% |
| 2025 | -11.0% | -30.5% |
| 2026 | +17.2% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and CPB good diversifiers for each other?
To a limited degree. At 0.52 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 CL and CPB?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.51 over 5 years.
Is CPB a good diversifier for CL?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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-cpb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cl-vs-cpb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CL correlations · CPB correlations
