CLX vs HD: Correlation
How closely do Clorox (CLX) and Home Depot (The) (HD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and HD?
Across a 3-year window, the weekly returns of CLX and HD correlate at 0.45, moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.45). Stretching to 5 years gives 0.36, with an annualized covariance of 256.9 %².
By 3-year correlation, HD places #9 of the 32 assets tracked against CLX. Over the last 12 months CLX came out ahead by 8.6 percentage points (-8.8% against -17.4%). The rolling one-year correlation moved between 0.15 and 0.62 over the past three years, a moderate range.
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 HD: side by side
| CLX (Clorox) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -8.8% | -17.4% |
| 5-year return | -26.0% | +13.8% |
| Volatility (ann.) | 24.4% | 23.6% |
| Beta vs S&P 500 | 0.39 | 0.87 |
| Max drawdown (3Y) | -46.1% | -28.8% |
| Market cap | $12.5B | $327.9B |
| P/E (trailing) | 21.7 | 23.4 |
| Dividend yield | 4.77% | 1.38% |
| Sector / category | Consumer Staples | Consumer Discretionary |
Year-by-year returns
| Year | CLX | HD |
|---|---|---|
| 2022 | -17.0% | -22.0% |
| 2023 | +5.0% | +12.8% |
| 2024 | +17.7% | +15.0% |
| 2025 | -35.6% | -9.3% |
| 2026 | +6.5% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and HD good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLX and HD?
As of 2026-08-27, the correlation of weekly returns between CLX and HD is 0.45 over 3 years, 0.62 over 1 year and 0.36 over 5 years.
Is HD a good diversifier for CLX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clx-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clx-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLX correlations · HD correlations
