CL vs SYY: Correlation
How closely do Colgate-Palmolive (CL) and Sysco (SYY) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and SYY?
On 3 years of weekly data the CL/SYY correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 162.8 %².
Among the 40 assets we track against CL, SYY ranks #16 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.4% for CL and +5.6% for SYY. The rolling one-year correlation stayed in a tight band between 0.39 and 0.59 over the past three years, which points to a structural rather than episodic relationship.
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 SYY: side by side
| CL (Colgate-Palmolive) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +10.4% | +5.6% |
| 5-year return | +32.0% | +19.2% |
| Volatility (ann.) | 16.9% | 20.3% |
| Beta vs S&P 500 | 0.17 | 0.14 |
| Max drawdown (3Y) | -29.0% | -24.0% |
| Market cap | $72.5B | $39.5B |
| P/E (trailing) | 36.2 | 22.5 |
| Dividend yield | 2.27% | 2.61% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CL | SYY |
|---|---|---|
| 2022 | -5.4% | -0.3% |
| 2023 | +3.8% | -1.7% |
| 2024 | +16.6% | +7.4% |
| 2025 | -11.0% | -1.0% |
| 2026 | +17.2% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and SYY good diversifiers for each other?
Reasonably. At 0.47, CL and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CL and SYY?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and 0.50 over 5 years.
Is SYY a good diversifier for CL?
Reasonably. At 0.47, CL and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cl-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CL correlations · SYY correlations
