CLX vs NRT: Correlation
Clorox (CLX) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and NRT?
Across a 3-year window, the weekly returns of CLX and NRT correlate at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -351.8 %².
NRT is close to the least connected end of CLX's tracked universe, ranking #30 of 32. Correlation aside, the last 12 months split them widely, with NRT ahead by 94.0 points (-8.8% versus +85.2%). One caveat on sizing: NRT is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NRT: side by side
| CLX (Clorox) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | -8.8% | +85.2% |
| 5-year return | -26.0% | +131.5% |
| Volatility (ann.) | 24.4% | 51.6% |
| Beta vs S&P 500 | 0.39 | -0.42 |
| Max drawdown (3Y) | -46.1% | -66.1% |
| Market cap | $12.5B | $0.1B |
| P/E (trailing) | 21.7 | 8.4 |
| Dividend yield | 4.77% | 11.95% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CLX | NRT |
|---|---|---|
| 2022 | -17.0% | +41.9% |
| 2023 | +5.0% | -46.5% |
| 2024 | +17.7% | -25.3% |
| 2025 | -35.6% | +88.4% |
| 2026 | +6.5% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and NRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CLX and NRT?
As of 2026-08-27, the correlation of weekly returns between CLX and NRT is -0.28 over 3 years, -0.21 over 1 year and -0.16 over 5 years.
Is NRT a good diversifier for CLX?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clx-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLX correlations · NRT correlations
