KO vs PG: Correlation
Measured on weekly returns over the past three years, Coca-Cola Company (The) (KO) and Procter & Gamble (PG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and PG?
Over the past 3 years, KO and PG moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 102.0 %².
By 3-year correlation, PG places #17 of the 43 assets tracked against KO. The last year tells two different stories: KO led by 39.2 percentage points, +33.1% for KO against -6.1% for PG. On a rolling one-year basis the correlation drifted between 0.36 and 0.76, 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.
KO vs PG: side by side
| KO (Coca-Cola Company (The)) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +33.1% | -6.1% |
| 5-year return | +83.8% | +13.9% |
| Volatility (ann.) | 15.4% | 15.3% |
| Beta vs S&P 500 | 0.11 | 0.19 |
| Max drawdown (3Y) | -15.5% | -21.2% |
| Market cap | $383.2B | $332.7B |
| P/E (trailing) | 27.0 | 21.9 |
| Dividend yield | 2.31% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KO | PG |
|---|---|---|
| 2022 | +10.6% | -5.0% |
| 2023 | -4.4% | -0.9% |
| 2024 | +8.9% | +17.3% |
| 2025 | +15.6% | -12.3% |
| 2026 | +29.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and PG good diversifiers for each other?
Reasonably. At 0.43, KO and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KO and PG?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.44 over the last year and 0.59 over 5 years.
Is PG a good diversifier for KO?
Reasonably. At 0.43, KO and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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: KO correlations · PG correlations
