CL vs ZCMD: Correlation
Colgate-Palmolive (CL) and Zhongchao Inc. - Class A (ZCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and ZCMD?
Across a 3-year window, the weekly returns of CL and ZCMD correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -520.2 %².
Among the 40 assets we track against CL, ZCMD ranks #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CL outperformed by 110.3 percentage points (+10.4% for CL against -99.9% for ZCMD). One caveat on sizing: ZCMD is 8.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZCMD: side by side
| CL (Colgate-Palmolive) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +10.4% | -99.9% |
| 5-year return | +32.0% | -100.0% |
| Volatility (ann.) | 16.9% | 141.8% |
| Beta vs S&P 500 | 0.17 | 0.59 |
| Max drawdown (3Y) | -29.0% | -100.0% |
| Market cap | $72.5B | – |
| P/E (trailing) | 36.2 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CL | ZCMD |
|---|---|---|
| 2022 | -5.4% | -35.4% |
| 2023 | +3.8% | -69.5% |
| 2024 | +16.6% | -53.8% |
| 2025 | -11.0% | -72.2% |
| 2026 | +17.2% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and ZCMD good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CL and ZCMD?
The CL/ZCMD correlation stands at -0.22 on a 3-year window (1 year: -0.15, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is ZCMD a good diversifier for CL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cl-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CL correlations · ZCMD correlations
