CAG vs KLAC: Correlation
How closely do ConAgra Brands, Inc. (CAG) and KLA Corporation (KLAC) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and KLAC?
On 3 years of weekly data the CAG/KLAC correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -188.7 %².
By 3-year correlation, KLAC places #21 of the 34 assets tracked against CAG. The last year tells two different stories: KLAC led by 117.7 percentage points, -9.8% for CAG against +107.9% for KLAC. One caveat on sizing: KLAC 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.
CAG vs KLAC: side by side
| CAG (ConAgra Brands, Inc.) | KLAC (KLA Corporation) | |
|---|---|---|
| 1-year return | -9.8% | +107.9% |
| 5-year return | -36.6% | +463.9% |
| Volatility (ann.) | 24.2% | 45.6% |
| Beta vs S&P 500 | -0.05 | 1.84 |
| Max drawdown (3Y) | -56.7% | -43.6% |
| Market cap | $7.7B | $240.1B |
| P/E (trailing) | – | 50.2 |
| Dividend yield | 8.65% | 0.44% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CAG | KLAC |
|---|---|---|
| 2022 | +17.5% | -11.2% |
| 2023 | -22.8% | +56.0% |
| 2024 | +1.5% | +9.4% |
| 2025 | -33.3% | +94.5% |
| 2026 | -2.1% | +51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and KLAC good diversifiers for each other?
Yes. With a correlation of -0.17, CAG and KLAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CAG and KLAC?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.13 over the last year and -0.09 over 5 years.
Is KLAC a good diversifier for CAG?
Yes. With a correlation of -0.17, CAG and KLAC 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/cag-vs-klac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cag-vs-klac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAG correlations · KLAC correlations
