KMB vs NNN: Correlation
How closely do Kimberly-Clark (KMB) and NNN REIT, Inc. (NNN) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and NNN?
On 3 years of weekly data the KMB/NNN correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 137.0 %².
By 3-year correlation, NNN places #13 of the 27 assets tracked against KMB. Correlation aside, the last 12 months split them widely, with NNN ahead by 24.5 points (-11.4% versus +13.1%).
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.
KMB vs NNN: side by side
| KMB (Kimberly-Clark) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | +13.1% |
| 5-year return | -2.6% | +25.1% |
| Volatility (ann.) | 19.3% | 18.8% |
| Beta vs S&P 500 | 0.15 | 0.31 |
| Max drawdown (3Y) | -34.1% | -22.0% |
| Market cap | $36.6B | $8.6B |
| P/E (trailing) | 21.7 | 22.3 |
| Dividend yield | 4.60% | 5.26% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KMB | NNN |
|---|---|---|
| 2022 | -1.6% | -0.0% |
| 2023 | -7.1% | -0.6% |
| 2024 | +11.8% | -0.1% |
| 2025 | -19.9% | +2.8% |
| 2026 | +11.9% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and NNN good diversifiers for each other?
Reasonably. At 0.38, KMB and NNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KMB and NNN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.30 over the last year and 0.42 over 5 years.
Is NNN a good diversifier for KMB?
Reasonably. At 0.38, KMB and NNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/kmb-vs-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmb-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KMB correlations · NNN correlations
