AMZN vs KR: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Kroger (KR) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and KR?
Over the past 3 years, AMZN and KR moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -174.1 %².
By 3-year correlation, KR places #31 of the 38 assets tracked against AMZN. The last year tells two different stories: AMZN led by 26.2 percentage points, +11.8% for AMZN against -14.4% for KR. The relationship is regime-dependent: the rolling one-year correlation swung between -0.52 and 0.03 over the past three years, so this pair behaves very differently depending on the market environment.
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.
AMZN vs KR: side by side
| AMZN (Amazon) | KR (Kroger) | |
|---|---|---|
| 1-year return | +11.8% | -14.4% |
| 5-year return | +49.8% | +37.3% |
| Volatility (ann.) | 31.0% | 23.4% |
| Beta vs S&P 500 | 1.48 | -0.16 |
| Max drawdown (3Y) | -30.9% | -26.2% |
| Market cap | $2,764.1B | – |
| P/E (trailing) | 20.9 | 33.3 |
| Dividend yield | 0.00% | 1.79% |
| Sector / category | Consumer Discretionary | Consumer Staples |
Year-by-year returns
| Year | AMZN | KR |
|---|---|---|
| 2022 | -49.6% | +0.4% |
| 2023 | +80.9% | +5.0% |
| 2024 | +44.4% | +36.9% |
| 2025 | +5.2% | +4.3% |
| 2026 | +11.0% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and KR good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMZN and KR?
The AMZN/KR correlation stands at -0.24 on a 3-year window (1 year: -0.40, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for AMZN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amzn-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amzn-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMZN correlations · KR correlations
