DUK vs KR: Correlation
Measured on weekly returns over the past three years, Duke Energy (DUK) and Kroger (KR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and KR?
Over the past 3 years, DUK and KR moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 131.0 %².
Within DUK's tracked universe of 53 assets, KR comes in at #21 by 3-year correlation. The last year tells two different stories: DUK led by 15.5 percentage points, +1.1% for DUK against -14.4% for KR. On a rolling one-year basis the correlation drifted between 0.08 and 0.54, a moderate band.
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.
DUK vs KR: side by side
| DUK (Duke Energy) | KR (Kroger) | |
|---|---|---|
| 1-year return | +1.1% | -14.4% |
| 5-year return | +39.8% | +37.3% |
| Volatility (ann.) | 15.9% | 23.4% |
| Beta vs S&P 500 | -0.09 | -0.16 |
| Max drawdown (3Y) | -11.6% | -26.2% |
| Market cap | $94.2B | – |
| P/E (trailing) | 18.3 | 33.3 |
| Dividend yield | 3.49% | 1.79% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | DUK | KR |
|---|---|---|
| 2022 | +2.0% | +0.4% |
| 2023 | -1.6% | +5.0% |
| 2024 | +15.6% | +36.9% |
| 2025 | +12.7% | +4.3% |
| 2026 | +5.8% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and KR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DUK and KR?
The DUK/KR correlation stands at 0.35 on a 3-year window (1 year: 0.38, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for DUK?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/duk-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/duk-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DUK correlations · KR correlations
