CL vs KDP: Correlation
Colgate-Palmolive (CL) and Keurig Dr Pepper (KDP) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and KDP?
Over the past 3 years, CL and KDP moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 142.5 %².
Among the 40 assets we track against CL, KDP ranks #23 by 3-year correlation. Neither side won the trailing year by much: +10.4% against +10.9%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.09 to 0.65.
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 KDP: side by side
| CL (Colgate-Palmolive) | KDP (Keurig Dr Pepper) | |
|---|---|---|
| 1-year return | +10.4% | +10.9% |
| 5-year return | +32.0% | +3.1% |
| Volatility (ann.) | 16.9% | 23.6% |
| Beta vs S&P 500 | 0.17 | 0.14 |
| Max drawdown (3Y) | -29.0% | -31.0% |
| Market cap | $72.5B | $43.4B |
| P/E (trailing) | 36.2 | 32.5 |
| Dividend yield | 2.27% | 2.86% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CL | KDP |
|---|---|---|
| 2022 | -5.4% | -1.2% |
| 2023 | +3.8% | -4.2% |
| 2024 | +16.6% | -1.1% |
| 2025 | -11.0% | -10.1% |
| 2026 | +17.2% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and KDP good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CL and KDP?
As of 2026-08-27, the correlation of weekly returns between CL and KDP is 0.36 over 3 years, 0.30 over 1 year and 0.35 over 5 years.
Is KDP a good diversifier for CL?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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: CL correlations · KDP correlations
