CELH vs KF: Correlation
Celsius Holdings, Inc. (CELH) and Korea Fund, Inc. (The) New (KF) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELH and KF?
On 3 years of weekly data the CELH/KF correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 797.1 %².
By 3-year correlation, KF places #6 of the 12 assets tracked against CELH. The last year tells two different stories: KF led by 189.2 percentage points, -44.8% for CELH against +144.4% for KF. Note the risk asymmetry: CELH runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CELH vs KF: side by side
| CELH (Celsius Holdings, Inc.) | KF (Korea Fund, Inc. (The) New) | |
|---|---|---|
| 1-year return | -44.8% | +144.4% |
| 5-year return | +24.3% | +138.0% |
| Volatility (ann.) | 66.5% | 33.8% |
| Beta vs S&P 500 | 1.11 | 1.18 |
| Max drawdown (3Y) | -77.9% | -35.2% |
| Market cap | $8.3B | $0.3B |
| P/E (trailing) | 143.4 | 2.9 |
| Dividend yield | 0.00% | 2.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELH | KF |
|---|---|---|
| 2022 | +39.5% | -30.0% |
| 2023 | +57.2% | +12.3% |
| 2024 | -51.7% | -19.3% |
| 2025 | +73.7% | +104.8% |
| 2026 | -27.9% | +78.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELH and KF good diversifiers for each other?
Reasonably. At 0.35, CELH and KF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CELH and KF?
The CELH/KF correlation stands at 0.35 on a 3-year window (1 year: 0.43, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is KF a good diversifier for CELH?
Reasonably. At 0.35, CELH and KF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/celh-vs-kf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/celh-vs-kf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELH correlations · KF correlations
