CLX vs KMB: Correlation
Clorox (CLX) and Kimberly-Clark (KMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and KMB?
On 3 years of weekly data the CLX/KMB correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 206.6 %².
Within CLX's tracked universe of 32 assets, KMB comes in at #13 by 3-year correlation. Their 12-month results are close: -8.8% for CLX against -11.4% for KMB. On a rolling one-year basis the correlation drifted between 0.31 and 0.67, a moderate band.
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 KMB: side by side
| CLX (Clorox) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | -8.8% | -11.4% |
| 5-year return | -26.0% | -2.6% |
| Volatility (ann.) | 24.4% | 19.3% |
| Beta vs S&P 500 | 0.39 | 0.15 |
| Max drawdown (3Y) | -46.1% | -34.1% |
| Market cap | $12.5B | $36.6B |
| P/E (trailing) | 21.7 | 21.7 |
| Dividend yield | 4.77% | 4.60% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CLX | KMB |
|---|---|---|
| 2022 | -17.0% | -1.6% |
| 2023 | +5.0% | -7.1% |
| 2024 | +17.7% | +11.8% |
| 2025 | -35.6% | -19.9% |
| 2026 | +6.5% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and KMB good diversifiers for each other?
Reasonably. At 0.44, CLX and KMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLX and KMB?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.49 over the last year and 0.58 over 5 years.
Is KMB a good diversifier for CLX?
Reasonably. At 0.44, CLX and KMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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 · KMB correlations
