KDP vs KMB: Correlation
How closely do Keurig Dr Pepper (KDP) and Kimberly-Clark (KMB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and KMB?
On 3 years of weekly data the KDP/KMB correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.44 over 3. The 5-year figure is 0.43, and annualized covariance runs at 200.2 %².
Within KDP's tracked universe of 30 assets, KMB comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KDP ahead by 22.3 points (+10.9% versus -11.4%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.06 to 0.57.
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.
KDP vs KMB: side by side
| KDP (Keurig Dr Pepper) | KMB (Kimberly-Clark) | |
|---|---|---|
| 1-year return | +10.9% | -11.4% |
| 5-year return | +3.1% | -2.6% |
| Volatility (ann.) | 23.6% | 19.3% |
| Beta vs S&P 500 | 0.14 | 0.15 |
| Max drawdown (3Y) | -31.0% | -34.1% |
| Market cap | $43.4B | $36.6B |
| P/E (trailing) | 32.5 | 21.7 |
| Dividend yield | 2.86% | 4.60% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KDP | KMB |
|---|---|---|
| 2022 | -1.2% | -1.6% |
| 2023 | -4.2% | -7.1% |
| 2024 | -1.1% | +11.8% |
| 2025 | -10.1% | -19.9% |
| 2026 | +16.6% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and KMB good diversifiers for each other?
Reasonably. At 0.44, KDP and KMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KDP and KMB?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.48 over the last year and 0.43 over 5 years.
Is KMB a good diversifier for KDP?
Reasonably. At 0.44, KDP and KMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KDP correlations · KMB correlations
