KMB vs O: Correlation
Measured on weekly returns over the past three years, Kimberly-Clark (KMB) and Realty Income (O) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and O?
Across a 3-year window, the weekly returns of KMB and O correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 149.9 %².
Within KMB's tracked universe of 27 assets, O comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months O outperformed by 22.7 percentage points (-11.4% for KMB against +11.3% for O). The rolling one-year correlation moved between 0.29 and 0.67 over the past three years, a moderate range.
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 O: side by side
| KMB (Kimberly-Clark) | O (Realty Income) | |
|---|---|---|
| 1-year return | -11.4% | +11.3% |
| 5-year return | -2.6% | +14.5% |
| Volatility (ann.) | 19.3% | 17.3% |
| Beta vs S&P 500 | 0.15 | 0.21 |
| Max drawdown (3Y) | -34.1% | -19.3% |
| Market cap | $36.6B | $58.5B |
| P/E (trailing) | 21.7 | 45.4 |
| Dividend yield | 4.60% | 5.20% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | KMB | O |
|---|---|---|
| 2022 | -1.6% | -7.4% |
| 2023 | -7.1% | -4.5% |
| 2024 | +11.8% | -2.1% |
| 2025 | -19.9% | +12.2% |
| 2026 | +11.9% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and O good diversifiers for each other?
Reasonably. At 0.45, KMB and O keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KMB and O?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.38 over the last year and 0.46 over 5 years.
Is O a good diversifier for KMB?
Reasonably. At 0.45, KMB and O keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kmb-vs-o.json
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Related comparisons
Hubs: KMB correlations · O correlations
