CPB vs KMB: Correlation
The Campbell's Company (CPB) and Kimberly-Clark (KMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPB and KMB?
Across a 3-year window, the weekly returns of CPB and KMB correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 184.8 %².
Among the 20 assets we track against CPB, KMB ranks #12 by 3-year correlation. The trailing year gives KMB the advantage: -22.8% versus -11.4%, a 11.4-point spread.
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.
CPB vs KMB: side by side
| CPB (The Campbell's Company) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | -22.8% | -11.4% |
| 5-year return | -30.8% | -2.6% |
| Volatility (ann.) | 24.5% | 19.3% |
| Beta vs S&P 500 | 0.07 | 0.15 |
| Max drawdown (3Y) | -58.1% | -34.1% |
| Market cap | – | $36.6B |
| P/E (trailing) | 11.4 | 21.7 |
| Dividend yield | 6.72% | 4.60% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CPB | KMB |
|---|---|---|
| 2022 | +34.8% | -1.6% |
| 2023 | -21.5% | -7.1% |
| 2024 | +0.1% | +11.8% |
| 2025 | -30.5% | -19.9% |
| 2026 | -12.2% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and KMB good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPB and KMB?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.38 over the last year and 0.45 over 5 years.
Is KMB a good diversifier for CPB?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpb-vs-kmb.json
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Related comparisons
Hubs: CPB correlations · KMB correlations
