ATO vs KR: Correlation
How closely do Atmos Energy (ATO) and Kroger (KR) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATO and KR?
Over the past 3 years, ATO and KR moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 127.9 %².
Among the 32 assets we track against ATO, KR ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATO ahead by 17.3 points (+2.9% versus -14.4%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.05 and 0.51 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.
ATO vs KR: side by side
| ATO (Atmos Energy) | KR (Kroger) | |
|---|---|---|
| 1-year return | +2.9% | -14.4% |
| 5-year return | +94.1% | +37.3% |
| Volatility (ann.) | 15.9% | 23.4% |
| Beta vs S&P 500 | 0.15 | -0.16 |
| Max drawdown (3Y) | -12.7% | -26.2% |
| Market cap | $28.3B | – |
| P/E (trailing) | 19.9 | 33.3 |
| Dividend yield | 2.28% | 1.79% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | ATO | KR |
|---|---|---|
| 2022 | +9.6% | +0.4% |
| 2023 | +6.2% | +5.0% |
| 2024 | +23.4% | +36.9% |
| 2025 | +23.1% | +4.3% |
| 2026 | +1.5% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATO and KR good diversifiers for each other?
Reasonably. At 0.34, ATO and KR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATO and KR?
The ATO/KR correlation stands at 0.34 on a 3-year window (1 year: 0.39, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for ATO?
Reasonably. At 0.34, ATO and KR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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
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Related comparisons
Hubs: ATO correlations · KR correlations
