CLX vs MHK: Correlation
Clorox (CLX) and Mohawk Industries, Inc. (MHK) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and MHK?
Over the past 3 years, CLX and MHK moved with a correlation of 0.45, which is moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.45). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 431.5 %².
Within CLX's tracked universe of 32 assets, MHK comes in at #11 by 3-year correlation. The trailing year gives MHK the advantage: -8.8% versus -1.8%, a 7.0-point spread. Note the risk asymmetry: MHK runs 1.6 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 MHK: side by side
| CLX (Clorox) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | -8.8% | -1.8% |
| 5-year return | -26.0% | -35.8% |
| Volatility (ann.) | 24.4% | 39.3% |
| Beta vs S&P 500 | 0.39 | 1.13 |
| Max drawdown (3Y) | -46.1% | -42.0% |
| Market cap | $12.5B | $8.8B |
| P/E (trailing) | 21.7 | 17.5 |
| Dividend yield | 4.77% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CLX | MHK |
|---|---|---|
| 2022 | -17.0% | -43.9% |
| 2023 | +5.0% | +1.3% |
| 2024 | +17.7% | +15.1% |
| 2025 | -35.6% | -8.3% |
| 2026 | +6.5% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and MHK 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 MHK?
As of 2026-08-27, the correlation of weekly returns between CLX and MHK is 0.45 over 3 years, 0.66 over 1 year and 0.37 over 5 years.
Is MHK 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?
A reading of 0.45 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-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clx-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLX correlations · MHK correlations
