CME vs KR: Correlation
CME Group (CME) and Kroger (KR) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and KR?
Over the past 3 years, CME and KR moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 152.1 %².
Among the 47 assets we track against CME, KR ranks #7 by 3-year correlation. The last year tells two different stories: CME led by 22.5 percentage points, +8.1% for CME against -14.4% for KR. This link changes with the market regime, having swung between -0.02 and 0.57 on a rolling one-year basis.
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.
CME vs KR: side by side
| CME (CME Group) | KR (Kroger) | |
|---|---|---|
| 1-year return | +8.1% | -14.4% |
| 5-year return | +73.9% | +37.3% |
| Volatility (ann.) | 20.0% | 23.4% |
| Beta vs S&P 500 | 0.12 | -0.16 |
| Max drawdown (3Y) | -31.1% | -26.2% |
| Market cap | $101.0B | – |
| P/E (trailing) | 23.8 | 33.3 |
| Dividend yield | 1.82% | 1.79% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | CME | KR |
|---|---|---|
| 2022 | -22.9% | +0.4% |
| 2023 | +31.3% | +5.0% |
| 2024 | +15.4% | +36.9% |
| 2025 | +19.8% | +4.3% |
| 2026 | +5.9% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and KR good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CME and KR?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.43 over the last year and 0.31 over 5 years.
Is KR a good diversifier for CME?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/cme-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cme-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CME correlations · KR correlations
