KMB vs ZCMD: Correlation
Measured on weekly returns over the past three years, Kimberly-Clark (KMB) and Zhongchao Inc. - Class A (ZCMD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and ZCMD?
Across a 3-year window, the weekly returns of KMB and ZCMD correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -591.6 %².
Among the 27 assets we track against KMB, ZCMD sits near the bottom by co-movement, at rank #23. The last year tells two different stories: KMB led by 88.5 percentage points, -11.4% for KMB against -99.9% for ZCMD. Note the risk asymmetry: ZCMD runs 7.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZCMD: side by side
| KMB (Kimberly-Clark) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | -11.4% | -99.9% |
| 5-year return | -2.6% | -100.0% |
| Volatility (ann.) | 19.3% | 141.8% |
| Beta vs S&P 500 | 0.15 | 0.59 |
| Max drawdown (3Y) | -34.1% | -100.0% |
| Market cap | $36.6B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.60% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KMB | ZCMD |
|---|---|---|
| 2022 | -1.6% | -35.4% |
| 2023 | -7.1% | -69.5% |
| 2024 | +11.8% | -53.8% |
| 2025 | -19.9% | -72.2% |
| 2026 | +11.9% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and ZCMD good diversifiers for each other?
Yes. With a correlation of -0.22, KMB and ZCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KMB and ZCMD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.23 over the last year and -0.12 over 5 years.
Is ZCMD a good diversifier for KMB?
Yes. With a correlation of -0.22, KMB and ZCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmb-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMB correlations · ZCMD correlations
