CL vs GIS: Correlation
How closely do Colgate-Palmolive (CL) and General Mills (GIS) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and GIS?
On 3 years of weekly data the CL/GIS correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 192.3 %².
By 3-year correlation, GIS places #5 of the 40 assets tracked against CL. Correlation aside, the last 12 months split them widely, with CL ahead by 23.2 points (+10.4% versus -12.8%). The rolling one-year correlation moved between 0.28 and 0.66 over the past three years, a moderate range.
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 GIS: side by side
| CL (Colgate-Palmolive) | GIS (General Mills) | |
|---|---|---|
| 1-year return | +10.4% | -12.8% |
| 5-year return | +32.0% | -14.6% |
| Volatility (ann.) | 16.9% | 20.6% |
| Beta vs S&P 500 | 0.17 | -0.05 |
| Max drawdown (3Y) | -29.0% | -53.4% |
| Market cap | $72.5B | $21.6B |
| P/E (trailing) | 36.2 | – |
| Dividend yield | 2.27% | 6.09% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CL | GIS |
|---|---|---|
| 2022 | -5.4% | +28.1% |
| 2023 | +3.8% | -20.0% |
| 2024 | +16.6% | +1.4% |
| 2025 | -11.0% | -23.7% |
| 2026 | +17.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and GIS good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CL and GIS?
As of 2026-08-27, the correlation of weekly returns between CL and GIS is 0.55 over 3 years, 0.55 over 1 year and 0.56 over 5 years.
Is GIS a good diversifier for CL?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-gis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cl-vs-gis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CL correlations · GIS correlations
