CLX vs USO: Correlation
How closely do Clorox (CLX) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and USO?
Over the past 3 years, CLX and USO moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.42) sits close to the 3-year figure. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -319.9 %².
Among the 32 assets we track against CLX, USO sits near the bottom by co-movement, at rank #32. Correlation aside, the last 12 months split them widely, with USO ahead by 82.9 points (-8.8% versus +74.1%). Across three years, the rolling one-year figure varied moderately, from -0.47 to -0.02. One caveat on sizing: USO is 1.6 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 USO: side by side
| CLX (Clorox) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -8.8% | +74.1% |
| 5-year return | -26.0% | +168.6% |
| Volatility (ann.) | 24.4% | 39.4% |
| Beta vs S&P 500 | 0.39 | -0.20 |
| Max drawdown (3Y) | -46.1% | -32.5% |
| Market cap | $12.5B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.77% | – |
| Sector / category | Consumer Staples | ETF · Commodities |
Year-by-year returns
| Year | CLX | USO |
|---|---|---|
| 2022 | -17.0% | +29.0% |
| 2023 | +5.0% | -4.9% |
| 2024 | +17.7% | +13.4% |
| 2025 | -35.6% | -8.5% |
| 2026 | +6.5% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and USO good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLX and USO?
The CLX/USO correlation stands at -0.33 on a 3-year window (1 year: -0.42, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is USO a good diversifier for CLX?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clx-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clx-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLX correlations · USO correlations
