CL vs PG: Correlation
Colgate-Palmolive (CL) and Procter & Gamble (PG) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and PG?
On 3 years of weekly data the CL/PG correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.71 over 3. The 5-year figure is 0.72, and annualized covariance runs at 185.3 %².
PG is one of the assets that tracks CL most closely: it ranks #1 out of the 40 assets we track against CL. Correlation aside, the last 12 months split them widely, with CL ahead by 16.5 points (+10.4% versus -6.1%). Stability stands out here, with the rolling one-year correlation confined to 0.67 through 0.77.
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 PG: side by side
| CL (Colgate-Palmolive) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +10.4% | -6.1% |
| 5-year return | +32.0% | +13.9% |
| Volatility (ann.) | 16.9% | 15.3% |
| Beta vs S&P 500 | 0.17 | 0.19 |
| Max drawdown (3Y) | -29.0% | -21.2% |
| Market cap | $72.5B | $332.7B |
| P/E (trailing) | 36.2 | 21.9 |
| Dividend yield | 2.27% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CL | PG |
|---|---|---|
| 2022 | -5.4% | -5.0% |
| 2023 | +3.8% | -0.9% |
| 2024 | +16.6% | +17.3% |
| 2025 | -11.0% | -12.3% |
| 2026 | +17.2% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and PG good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CL and PG?
The CL/PG correlation stands at 0.71 on a 3-year window (1 year: 0.67, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is PG a good diversifier for CL?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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 · PG correlations
