DNUT vs KSS: Correlation
Krispy Kreme, Inc. (DNUT) and Kohl's Corporation (KSS) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNUT and KSS?
Across a 3-year window, the weekly returns of DNUT and KSS correlate at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.51). Stretching to 5 years gives 0.43, with an annualized covariance of 2327.6 %².
KSS is one of the assets that tracks DNUT most closely: it ranks #1 out of the 13 assets we track against DNUT. Their recent paths diverged sharply: over the last 12 months KSS outperformed by 20.7 percentage points (-5.0% for DNUT against +15.7% for KSS).
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.
DNUT vs KSS: side by side
| DNUT (Krispy Kreme, Inc.) | KSS (Kohl's Corporation) | |
|---|---|---|
| 1-year return | -5.0% | +15.7% |
| 5-year return | -78.8% | -57.2% |
| Volatility (ann.) | 64.8% | 71.1% |
| Beta vs S&P 500 | 1.27 | 1.76 |
| Max drawdown (3Y) | -84.9% | -77.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | 7.7 |
| Dividend yield | 0.00% | 2.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNUT | KSS |
|---|---|---|
| 2022 | -44.9% | -46.0% |
| 2023 | +47.7% | +23.8% |
| 2024 | -33.4% | -45.8% |
| 2025 | -59.0% | +51.5% |
| 2026 | -14.9% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNUT and KSS good diversifiers for each other?
Only partially. A correlation of 0.51 means DNUT and KSS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DNUT and KSS?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.39 over the last year and 0.43 over 5 years.
Is KSS a good diversifier for DNUT?
Only partially. A correlation of 0.51 means DNUT and KSS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/dnut-vs-kss.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dnut-vs-kss/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNUT correlations · KSS correlations
