CLX vs EDSA: Correlation
How closely do Clorox (CLX) and Edesa Biotech, Inc. (EDSA) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and EDSA?
On 3 years of weekly data the CLX/EDSA correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.33) than the 3-year average (-0.22). The 5-year figure is -0.12, and annualized covariance runs at -1040.7 %².
Among the 32 assets we track against CLX, EDSA ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EDSA ahead by 100.5 points (-8.8% versus +91.7%). Note the risk asymmetry: EDSA runs 7.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EDSA: side by side
| CLX (Clorox) | EDSA (Edesa Biotech, Inc.) | |
|---|---|---|
| 1-year return | -8.8% | +91.7% |
| 5-year return | -26.0% | -87.4% |
| Volatility (ann.) | 24.4% | 190.4% |
| Beta vs S&P 500 | 0.39 | -0.03 |
| Max drawdown (3Y) | -46.1% | -87.3% |
| Market cap | $12.5B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.77% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CLX | EDSA |
|---|---|---|
| 2022 | -17.0% | -61.6% |
| 2023 | +5.0% | -69.8% |
| 2024 | +17.7% | -63.2% |
| 2025 | -35.6% | -15.5% |
| 2026 | +6.5% | +223.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and EDSA 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 CLX and EDSA?
The CLX/EDSA correlation stands at -0.22 on a 3-year window (1 year: -0.33, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is EDSA a good diversifier for CLX?
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?
A reading of -0.22 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/clx-vs-edsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clx-vs-edsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLX correlations · EDSA correlations
