FLO vs PG: Correlation
How closely do Flowers Foods, Inc. (FLO) and Procter & Gamble (PG) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLO and PG?
Across a 3-year window, the weekly returns of FLO and PG correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 188.3 %².
Among the 15 assets we track against FLO, PG ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PG ahead by 43.6 points (-49.7% versus -6.1%). Risk is not evenly split, since FLO carries 1.8 times the volatility of the other side.
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.
FLO vs PG: side by side
| FLO (Flowers Foods, Inc.) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | -49.7% | -6.1% |
| 5-year return | -63.2% | +13.9% |
| Volatility (ann.) | 26.8% | 15.3% |
| Beta vs S&P 500 | 0.20 | 0.19 |
| Max drawdown (3Y) | -68.8% | -21.2% |
| Market cap | $1.5B | $332.7B |
| P/E (trailing) | 26.8 | 21.9 |
| Dividend yield | 13.81% | 2.94% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FLO | PG |
|---|---|---|
| 2022 | +8.0% | -5.0% |
| 2023 | -18.6% | -0.9% |
| 2024 | -4.3% | +17.3% |
| 2025 | -43.6% | -12.3% |
| 2026 | -33.0% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLO and PG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLO and PG?
The FLO/PG correlation stands at 0.46 on a 3-year window (1 year: 0.43, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is PG a good diversifier for FLO?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: FLO correlations · PG correlations
