NWL vs OGN: Correlation
Measured on weekly returns over the past three years, Newell Brands Inc. (NWL) and Organon & Co. (OGN) 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 NWL and OGN?
Over the past 3 years, NWL and OGN moved with a correlation of 0.43, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.43 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1437.2 %².
Within NWL's tracked universe of 15 assets, OGN comes in at #8 by 3-year correlation. The last year tells two different stories: OGN led by 45.2 percentage points, +5.6% for NWL against +50.8% for OGN.
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.
NWL vs OGN: side by side
| NWL (Newell Brands Inc.) | OGN (Organon & Co.) | |
|---|---|---|
| 1-year return | +5.6% | +50.8% |
| 5-year return | -70.7% | -50.3% |
| Volatility (ann.) | 62.8% | 53.4% |
| Beta vs S&P 500 | 1.15 | 0.88 |
| Max drawdown (3Y) | -72.3% | -74.1% |
| Market cap | $2.5B | $3.6B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 4.70% | 0.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWL | OGN |
|---|---|---|
| 2022 | -37.0% | -4.9% |
| 2023 | -30.9% | -45.1% |
| 2024 | +19.0% | +9.9% |
| 2025 | -60.5% | -50.7% |
| 2026 | +63.7% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWL and OGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NWL and OGN?
The NWL/OGN correlation stands at 0.43 on a 3-year window (1 year: 0.53, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is OGN a good diversifier for NWL?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/nwl-vs-ogn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nwl-vs-ogn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NWL correlations · OGN correlations
