AMAT vs KR: Correlation
Applied Materials (AMAT) and Kroger (KR) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMAT and KR?
Over the past 3 years, AMAT and KR moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.17). Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -173.9 %².
Within AMAT's tracked universe of 34 assets, KR comes in at #25 by 3-year correlation. The last year tells two different stories: AMAT led by 209.4 percentage points, +195.0% for AMAT against -14.4% for KR. On a rolling one-year basis the correlation drifted between -0.27 and 0.20, a moderate band. Risk is not evenly split, since AMAT carries 1.9 times the volatility of the other side.
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.
AMAT vs KR: side by side
| AMAT (Applied Materials) | KR (Kroger) | |
|---|---|---|
| 1-year return | +195.0% | -14.4% |
| 5-year return | +269.5% | +37.3% |
| Volatility (ann.) | 43.5% | 23.4% |
| Beta vs S&P 500 | 1.69 | -0.16 |
| Max drawdown (3Y) | -49.9% | -26.2% |
| Market cap | $382.8B | – |
| P/E (trailing) | 41.3 | 33.3 |
| Dividend yield | 0.41% | 1.79% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | AMAT | KR |
|---|---|---|
| 2022 | -37.5% | +0.4% |
| 2023 | +68.0% | +5.0% |
| 2024 | +1.1% | +36.9% |
| 2025 | +59.6% | +4.3% |
| 2026 | +88.4% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAT and KR good diversifiers for each other?
Yes. With a correlation of -0.17, AMAT and KR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMAT and KR?
The AMAT/KR correlation stands at -0.17 on a 3-year window (1 year: -0.30, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for AMAT?
Yes. With a correlation of -0.17, AMAT and KR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/amat-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amat-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMAT correlations · KR correlations
