CLX vs PG: Correlation
Measured on weekly returns over the past three years, Clorox (CLX) and Procter & Gamble (PG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and PG?
Over the past 3 years, CLX and PG moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 159.2 %².
Among the 32 assets we track against CLX, PG ranks #16 by 3-year correlation. Their 12-month results are close: -8.8% for CLX against -6.1% for PG. Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.66. Risk is not evenly split, since CLX carries 1.6 times the volatility of the other side.
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 PG: side by side
| CLX (Clorox) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | -8.8% | -6.1% |
| 5-year return | -26.0% | +13.9% |
| Volatility (ann.) | 24.4% | 15.3% |
| Beta vs S&P 500 | 0.39 | 0.19 |
| Max drawdown (3Y) | -46.1% | -21.2% |
| Market cap | $12.5B | $332.7B |
| P/E (trailing) | 21.7 | 21.9 |
| Dividend yield | 4.77% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CLX | PG |
|---|---|---|
| 2022 | -17.0% | -5.0% |
| 2023 | +5.0% | -0.9% |
| 2024 | +17.7% | +17.3% |
| 2025 | -35.6% | -12.3% |
| 2026 | +6.5% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and PG good diversifiers for each other?
Reasonably. At 0.43, CLX and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLX and PG?
The CLX/PG correlation stands at 0.43 on a 3-year window (1 year: 0.51, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is PG a good diversifier for CLX?
Reasonably. At 0.43, CLX and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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 · PG correlations
