CG vs KKR: Correlation
How closely do The Carlyle Group Inc. (CG) and KKR & Co. (KKR) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CG and KKR?
Over the past 3 years, CG and KKR moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 1038.2 %².
KKR is one of the assets that tracks CG most closely: it ranks #3 out of the 21 assets we track against CG. Neither side won the trailing year by much: -21.8% against -21.6%.
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.
CG vs KKR: side by side
| CG (The Carlyle Group Inc.) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | -21.8% | -21.6% |
| 5-year return | +18.0% | +77.3% |
| Volatility (ann.) | 36.8% | 37.8% |
| Beta vs S&P 500 | 1.68 | 1.76 |
| Max drawdown (3Y) | -40.4% | -49.4% |
| Market cap | $17.5B | $101.0B |
| P/E (trailing) | 50.8 | 34.7 |
| Dividend yield | 2.86% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CG | KKR |
|---|---|---|
| 2022 | -43.8% | -37.0% |
| 2023 | +42.6% | +80.5% |
| 2024 | +28.1% | +79.6% |
| 2025 | +20.2% | -13.3% |
| 2026 | -14.9% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CG and KKR good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CG and KKR?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.69 over the last year and 0.76 over 5 years.
Is KKR a good diversifier for CG?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/cg-vs-kkr.json
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Related comparisons
Hubs: CG correlations · KKR correlations
