CLX vs REYN: Correlation
How closely do Clorox (CLX) and Reynolds Consumer Products Inc. (REYN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and REYN?
Over the past 3 years, CLX and REYN moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 249.9 %².
In CLX's tracked universe of 32 assets, REYN sits right near the top at #2. Correlation aside, the last 12 months split them widely, with REYN ahead by 18.5 points (-8.8% versus +9.7%).
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 REYN: side by side
| CLX (Clorox) | REYN (Reynolds Consumer Products Inc.) | |
|---|---|---|
| 1-year return | -8.8% | +9.7% |
| 5-year return | -26.0% | +1.4% |
| Volatility (ann.) | 24.4% | 21.1% |
| Beta vs S&P 500 | 0.39 | 0.24 |
| Max drawdown (3Y) | -46.1% | -33.4% |
| Market cap | $12.5B | $5.1B |
| P/E (trailing) | 21.7 | 14.8 |
| Dividend yield | 4.77% | 3.74% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CLX | REYN |
|---|---|---|
| 2022 | -17.0% | -1.5% |
| 2023 | +5.0% | -7.5% |
| 2024 | +17.7% | +3.8% |
| 2025 | -35.6% | -11.7% |
| 2026 | +6.5% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and REYN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLX and REYN?
The CLX/REYN correlation stands at 0.49 on a 3-year window (1 year: 0.58, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is REYN a good diversifier for CLX?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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-reyn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clx-vs-reyn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLX correlations · REYN correlations
