CLX vs STZ: Correlation
Clorox (CLX) and Constellation Brands (STZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and STZ?
Across a 3-year window, the weekly returns of CLX and STZ correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 248.8 %².
Within CLX's tracked universe of 32 assets, STZ comes in at #18 by 3-year correlation. Over the last 12 months CLX came out ahead by 6.9 percentage points (-8.8% against -15.7%). Across three years, the rolling one-year figure varied moderately, from 0.19 to 0.51.
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 STZ: side by side
| CLX (Clorox) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -8.8% | -15.7% |
| 5-year return | -26.0% | -31.9% |
| Volatility (ann.) | 24.4% | 26.6% |
| Beta vs S&P 500 | 0.39 | 0.41 |
| Max drawdown (3Y) | -46.1% | -51.3% |
| Market cap | $12.5B | $22.4B |
| P/E (trailing) | 21.7 | 12.8 |
| Dividend yield | 4.77% | 3.04% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CLX | STZ |
|---|---|---|
| 2022 | -17.0% | -6.4% |
| 2023 | +5.0% | +5.8% |
| 2024 | +17.7% | -7.1% |
| 2025 | -35.6% | -36.0% |
| 2026 | +6.5% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and STZ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLX and STZ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.35 over the last year and 0.38 over 5 years.
Is STZ a good diversifier for CLX?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clx-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLX correlations · STZ correlations
