ADI vs KR: Correlation
How closely do Analog Devices (ADI) and Kroger (KR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and KR?
Over the past 3 years, ADI and KR moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.19 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -148.7 %².
By 3-year correlation, KR places #46 of the 51 assets tracked against ADI. The last year tells two different stories: ADI led by 63.0 percentage points, +48.6% for ADI against -14.4% for KR. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.33 to 0.17.
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.
ADI vs KR: side by side
| ADI (Analog Devices) | KR (Kroger) | |
|---|---|---|
| 1-year return | +48.6% | -14.4% |
| 5-year return | +143.1% | +37.3% |
| Volatility (ann.) | 32.6% | 23.4% |
| Beta vs S&P 500 | 1.56 | -0.16 |
| Max drawdown (3Y) | -32.2% | -26.2% |
| Market cap | $181.5B | – |
| P/E (trailing) | 44.6 | 33.3 |
| Dividend yield | 1.15% | 1.79% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | ADI | KR |
|---|---|---|
| 2022 | -4.9% | +0.4% |
| 2023 | +23.4% | +5.0% |
| 2024 | +8.8% | +36.9% |
| 2025 | +29.8% | +4.3% |
| 2026 | +38.9% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and KR good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADI and KR?
The ADI/KR correlation stands at -0.19 on a 3-year window (1 year: -0.33, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for ADI?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/adi-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · KR correlations
