AR vs KHC: Correlation
Measured on weekly returns over the past three years, Antero Resources Corporation (AR) and Kraft Heinz (KHC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AR and KHC?
Across a 3-year window, the weekly returns of AR and KHC correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.23). Stretching to 5 years gives -0.06, with an annualized covariance of -198.4 %².
Out of 12 assets tracked against AR, KHC lands near the bottom at #9. The last year tells two different stories: AR led by 27.0 percentage points, +23.1% for AR against -3.9% for KHC. One caveat on sizing: AR is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AR vs KHC: side by side
| AR (Antero Resources Corporation) | KHC (Kraft Heinz) | |
|---|---|---|
| 1-year return | +23.1% | -3.9% |
| 5-year return | +181.4% | -10.9% |
| Volatility (ann.) | 40.6% | 21.7% |
| Beta vs S&P 500 | 0.32 | 0.12 |
| Max drawdown (3Y) | -33.2% | -38.7% |
| Market cap | $11.8B | $29.8B |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 0.00% | 6.45% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AR | KHC |
|---|---|---|
| 2022 | +77.1% | +18.2% |
| 2023 | -26.8% | -5.0% |
| 2024 | +54.5% | -13.0% |
| 2025 | -1.7% | -16.3% |
| 2026 | +11.8% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AR and KHC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AR and KHC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.12 over the last year and -0.06 over 5 years.
Is KHC a good diversifier for AR?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/ar-vs-khc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ar-vs-khc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AR correlations · KHC correlations
