CLX vs DJP: Correlation
How closely do Clorox (CLX) and iPath Bloomberg Commodity Index Total Return ETN (DJP) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and DJP?
Across a 3-year window, the weekly returns of CLX and DJP correlate at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -109.9 %².
DJP is close to the least connected end of CLX's tracked universe, ranking #29 of 32. Correlation aside, the last 12 months split them widely, with DJP ahead by 58.0 points (-8.8% versus +49.2%).
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.
CLX vs DJP: side by side
| CLX (Clorox) | DJP (iPath Bloomberg Commodity Index Total Return ETN) | |
|---|---|---|
| 1-year return | -8.8% | +49.2% |
| 5-year return | -26.0% | +82.1% |
| Volatility (ann.) | 24.4% | 16.3% |
| Beta vs S&P 500 | 0.39 | 0.11 |
| Max drawdown (3Y) | -46.1% | -16.4% |
| Market cap | $12.5B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.77% | – |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CLX | DJP |
|---|---|---|
| 2022 | -17.0% | +17.5% |
| 2023 | +5.0% | -9.8% |
| 2024 | +17.7% | +5.6% |
| 2025 | -35.6% | +17.2% |
| 2026 | +6.5% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and DJP good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLX and DJP?
The CLX/DJP correlation stands at -0.28 on a 3-year window (1 year: -0.34, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is DJP a good diversifier for CLX?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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
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Related comparisons
Hubs: CLX correlations · DJP correlations
