CRI vs KTB: Correlation
How closely do Carter's, Inc. (CRI) and Kontoor Brands, Inc. (KTB) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRI and KTB?
Across a 3-year window, the weekly returns of CRI and KTB correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 840.3 %².
KTB is one of the assets that tracks CRI most closely: it ranks #1 out of the 11 assets we track against CRI. The last year tells two different stories: CRI led by 19.9 percentage points, +20.8% for CRI against +0.9% for KTB.
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.
CRI vs KTB: side by side
| CRI (Carter's, Inc.) | KTB (Kontoor Brands, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +0.9% |
| 5-year return | -61.2% | +65.6% |
| Volatility (ann.) | 40.6% | 44.3% |
| Beta vs S&P 500 | 0.79 | 1.05 |
| Max drawdown (3Y) | -71.3% | -44.9% |
| Market cap | $1.2B | $4.2B |
| P/E (trailing) | 6.4 | 15.6 |
| Dividend yield | 2.92% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRI | KTB |
|---|---|---|
| 2022 | -23.4% | -18.3% |
| 2023 | +4.9% | +62.6% |
| 2024 | -24.0% | +40.7% |
| 2025 | -37.4% | -26.3% |
| 2026 | +4.3% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRI and KTB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRI and KTB?
The CRI/KTB correlation stands at 0.47 on a 3-year window (1 year: 0.46, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is KTB a good diversifier for CRI?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/cri-vs-ktb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cri-vs-ktb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRI correlations · KTB correlations
