JNJ vs KMB: Correlation
Measured on weekly returns over the past three years, Johnson & Johnson (JNJ) and Kimberly-Clark (KMB) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and KMB?
On 3 years of weekly data the JNJ/KMB correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.43 over 3. The 5-year figure is 0.42, and annualized covariance runs at 154.4 %².
By 3-year correlation, KMB places #26 of the 48 assets tracked against JNJ. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 65.1 percentage points (+53.7% for JNJ against -11.4% for KMB). Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.51.
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.
JNJ vs KMB: side by side
| JNJ (Johnson & Johnson) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | +53.7% | -11.4% |
| 5-year return | +76.0% | -2.6% |
| Volatility (ann.) | 18.5% | 19.3% |
| Beta vs S&P 500 | 0.05 | 0.15 |
| Max drawdown (3Y) | -14.4% | -34.1% |
| Market cap | $640.5B | $36.6B |
| P/E (trailing) | 30.9 | 21.7 |
| Dividend yield | 1.94% | 4.60% |
| Sector / category | Health Care | Consumer Staples |
Year-by-year returns
| Year | JNJ | KMB |
|---|---|---|
| 2022 | +6.0% | -1.6% |
| 2023 | -8.6% | -7.1% |
| 2024 | -4.8% | +11.8% |
| 2025 | +47.5% | -19.9% |
| 2026 | +30.5% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and KMB good diversifiers for each other?
Reasonably. At 0.43, JNJ and KMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JNJ and KMB?
As of 2026-08-27, the correlation of weekly returns between JNJ and KMB is 0.43 over 3 years, 0.50 over 1 year and 0.42 over 5 years.
Is KMB a good diversifier for JNJ?
Reasonably. At 0.43, JNJ and KMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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: JNJ correlations · KMB correlations
