CPB vs MKC: Correlation
How closely do The Campbell's Company (CPB) and McCormick & Company (MKC) 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 CPB and MKC?
Across a 3-year window, the weekly returns of CPB and MKC correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 319.9 %².
By 3-year correlation, MKC places #7 of the 20 assets tracked against CPB. Their 12-month results are close: -22.8% for CPB against -20.3% for MKC.
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 MKC: side by side
| CPB (The Campbell's Company) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | -22.8% | -20.3% |
| 5-year return | -30.8% | -28.5% |
| Volatility (ann.) | 24.5% | 26.5% |
| Beta vs S&P 500 | 0.07 | 0.24 |
| Max drawdown (3Y) | -58.1% | -44.3% |
| Market cap | – | $14.7B |
| P/E (trailing) | 11.4 | 9.2 |
| Dividend yield | 6.72% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CPB | MKC |
|---|---|---|
| 2022 | +34.8% | -12.7% |
| 2023 | -21.5% | -15.7% |
| 2024 | +0.1% | +14.0% |
| 2025 | -30.5% | -8.3% |
| 2026 | -12.2% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and MKC good diversifiers for each other?
Reasonably. At 0.49, CPB and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPB and MKC?
As of 2026-08-27, the correlation of weekly returns between CPB and MKC is 0.49 over 3 years, 0.46 over 1 year and 0.45 over 5 years.
Is MKC a good diversifier for CPB?
Reasonably. At 0.49, CPB and MKC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/cpb-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpb-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPB correlations · MKC correlations
