CL vs KVUE: Correlation
Colgate-Palmolive (CL) and Kenvue (KVUE) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and KVUE?
Across a 3-year window, the weekly returns of CL and KVUE correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.32 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 145.9 %².
By 3-year correlation, KVUE places #26 of the 40 assets tracked against CL. On 12-month performance CL holds a 13.4-point edge, +10.4% against -3.0%. The rolling one-year correlation moved between 0.16 and 0.54 over the past three years, a moderate range. Risk is not evenly split, since KVUE 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.
CL vs KVUE: side by side
| CL (Colgate-Palmolive) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | +10.4% | -3.0% |
| 5-year return | +32.0% | n/a |
| Volatility (ann.) | 16.9% | 27.3% |
| Beta vs S&P 500 | 0.17 | 0.16 |
| Max drawdown (3Y) | -29.0% | -41.2% |
| Market cap | $72.5B | $36.9B |
| P/E (trailing) | 36.2 | 22.6 |
| Dividend yield | 2.27% | 4.32% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CL | KVUE |
|---|---|---|
| 2022 | -5.4% | – |
| 2023 | +3.8% | – |
| 2024 | +16.6% | +3.1% |
| 2025 | -11.0% | -15.9% |
| 2026 | +17.2% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and KVUE good diversifiers for each other?
Reasonably. At 0.32, CL and KVUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CL and KVUE?
The CL/KVUE correlation stands at 0.32 on a 3-year window (1 year: 0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KVUE a good diversifier for CL?
Reasonably. At 0.32, CL and KVUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cl-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cl-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CL correlations · KVUE correlations
