CLX vs LOW: Correlation
How closely do Clorox (CLX) and Lowe's (LOW) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and LOW?
On 3 years of weekly data the CLX/LOW correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.46 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 276.7 %².
Within CLX's tracked universe of 32 assets, LOW comes in at #8 by 3-year correlation. Over the last 12 months CLX came out ahead by 9.6 percentage points (-8.8% against -18.4%). On a rolling one-year basis the correlation drifted between 0.24 and 0.56, 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 LOW: side by side
| CLX (Clorox) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | -8.8% | -18.4% |
| 5-year return | -26.0% | +11.1% |
| Volatility (ann.) | 24.4% | 24.8% |
| Beta vs S&P 500 | 0.39 | 0.83 |
| Max drawdown (3Y) | -46.1% | -29.0% |
| Market cap | $12.5B | – |
| P/E (trailing) | 21.7 | 17.8 |
| Dividend yield | 4.77% | 2.31% |
| Sector / category | Consumer Staples | Consumer Discretionary |
Year-by-year returns
| Year | CLX | LOW |
|---|---|---|
| 2022 | -17.0% | -21.5% |
| 2023 | +5.0% | +14.0% |
| 2024 | +17.7% | +13.0% |
| 2025 | -35.6% | -0.3% |
| 2026 | +6.5% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and LOW good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLX and LOW?
The CLX/LOW correlation stands at 0.46 on a 3-year window (1 year: 0.56, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is LOW a good diversifier for CLX?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: CLX correlations · LOW correlations
