CSL vs SPB: Correlation
Carlisle Companies Incorporated (CSL) and Spectrum Brands Holdings, Inc. (SPB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSL and SPB?
Across a 3-year window, the weekly returns of CSL and SPB correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 624.7 %².
Among the 19 assets we track against CSL, SPB ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPB outperformed by 67.1 percentage points (-6.4% for CSL against +60.7% for SPB).
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.
CSL vs SPB: side by side
| CSL (Carlisle Companies Incorporated) | SPB (Spectrum Brands Holdings, Inc.) | |
|---|---|---|
| 1-year return | -6.4% | +60.7% |
| 5-year return | +78.0% | +26.1% |
| Volatility (ann.) | 33.9% | 31.9% |
| Beta vs S&P 500 | 1.10 | 0.83 |
| Max drawdown (3Y) | -37.7% | -46.3% |
| Market cap | $14.3B | $2.0B |
| P/E (trailing) | 20.5 | 27.7 |
| Dividend yield | 1.20% | 2.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSL | SPB |
|---|---|---|
| 2022 | -4.1% | -38.7% |
| 2023 | +34.3% | +34.1% |
| 2024 | +19.1% | +8.0% |
| 2025 | -12.3% | -27.9% |
| 2026 | +13.9% | +52.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSL and SPB good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSL and SPB?
The CSL/SPB correlation stands at 0.58 on a 3-year window (1 year: 0.65, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is SPB a good diversifier for CSL?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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/csl-vs-spb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csl-vs-spb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSL correlations · SPB correlations
