CF vs KF: Correlation
CF Industries (CF) and Korea Fund, Inc. (The) New (KF) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and KF?
Across a 3-year window, the weekly returns of CF and KF correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.29). Stretching to 5 years gives -0.14, with an annualized covariance of -316.5 %².
KF is close to the least connected end of CF's tracked universe, ranking #50 of 50. Their recent paths diverged sharply: over the last 12 months KF outperformed by 95.8 percentage points (+48.6% for CF against +144.4% for KF).
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.
CF vs KF: side by side
| CF (CF Industries) | KF (Korea Fund, Inc. (The) New) | |
|---|---|---|
| 1-year return | +48.6% | +144.4% |
| 5-year return | +211.5% | +138.0% |
| Volatility (ann.) | 32.8% | 33.8% |
| Beta vs S&P 500 | -0.20 | 1.18 |
| Max drawdown (3Y) | -29.2% | -35.2% |
| Market cap | $19.0B | $0.3B |
| P/E (trailing) | 9.3 | 2.9 |
| Dividend yield | 1.59% | 2.17% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | KF |
|---|---|---|
| 2022 | +22.3% | -30.0% |
| 2023 | -4.7% | +12.3% |
| 2024 | +10.1% | -19.3% |
| 2025 | -7.2% | +104.8% |
| 2026 | +64.9% | +78.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and KF good diversifiers for each other?
Yes. With a correlation of -0.29, CF and KF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CF and KF?
The CF/KF correlation stands at -0.29 on a 3-year window (1 year: -0.53, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is KF a good diversifier for CF?
Yes. With a correlation of -0.29, CF and KF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/cf-vs-kf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cf-vs-kf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CF correlations · KF correlations
