KMB vs PG: Correlation
Kimberly-Clark (KMB) and Procter & Gamble (PG) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and PG?
Over the past 3 years, KMB and PG moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 166.1 %².
Few assets follow KMB as closely as PG, which ranks #1 of 27 tracked partners. On 12-month performance PG holds a 5.3-point edge, -11.4% against -6.1%. On a rolling one-year basis the correlation drifted between 0.40 and 0.77, a moderate band.
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 PG: side by side
| KMB (Kimberly-Clark) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | -11.4% | -6.1% |
| 5-year return | -2.6% | +13.9% |
| Volatility (ann.) | 19.3% | 15.3% |
| Beta vs S&P 500 | 0.15 | 0.19 |
| Max drawdown (3Y) | -34.1% | -21.2% |
| Market cap | $36.6B | $332.7B |
| P/E (trailing) | 21.7 | 21.9 |
| Dividend yield | 4.60% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KMB | PG |
|---|---|---|
| 2022 | -1.6% | -5.0% |
| 2023 | -7.1% | -0.9% |
| 2024 | +11.8% | +17.3% |
| 2025 | -19.9% | -12.3% |
| 2026 | +11.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and PG good diversifiers for each other?
Only partially. A correlation of 0.56 means KMB and PG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KMB and PG?
The KMB/PG correlation stands at 0.56 on a 3-year window (1 year: 0.49, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is PG a good diversifier for KMB?
Only partially. A correlation of 0.56 means KMB and PG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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: KMB correlations · PG correlations
