BJ vs KR: Correlation
How closely do BJ's Wholesale Club Holdings, Inc. (BJ) and Kroger (KR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and KR?
Over the past 3 years, BJ and KR moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 225.7 %².
Few assets follow BJ as closely as KR, which ranks #2 of 43 tracked partners. The trailing year gives BJ the advantage: -6.9% versus -14.4%, a 7.5-point spread.
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.
BJ vs KR: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | KR (Kroger) | |
|---|---|---|
| 1-year return | -6.9% | -14.4% |
| 5-year return | +59.5% | +37.3% |
| Volatility (ann.) | 26.4% | 23.4% |
| Beta vs S&P 500 | -0.14 | -0.16 |
| Max drawdown (3Y) | -30.1% | -26.2% |
| Market cap | $11.4B | – |
| P/E (trailing) | 20.4 | 33.3 |
| Dividend yield | 0.00% | 1.79% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BJ | KR |
|---|---|---|
| 2022 | -1.2% | +0.4% |
| 2023 | +0.8% | +5.0% |
| 2024 | +34.0% | +36.9% |
| 2025 | +0.8% | +4.3% |
| 2026 | +0.5% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and KR good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BJ and KR?
The BJ/KR correlation stands at 0.37 on a 3-year window (1 year: 0.47, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for BJ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/bj-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bj-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BJ correlations · KR correlations
