ESS vs KVUE: Correlation
How closely do Essex Property Trust (ESS) and Kenvue (KVUE) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESS and KVUE?
Across a 3-year window, the weekly returns of ESS and KVUE correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 224.6 %².
By 3-year correlation, KVUE places #20 of the 31 assets tracked against ESS. The trailing year gives ESS the advantage: +9.1% versus -3.0%, a 12.1-point spread. On a rolling one-year basis the correlation drifted between 0.20 and 0.48, 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.
ESS vs KVUE: side by side
| ESS (Essex Property Trust) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | +9.1% | -3.0% |
| 5-year return | +3.0% | n/a |
| Volatility (ann.) | 22.2% | 27.3% |
| Beta vs S&P 500 | 0.64 | 0.16 |
| Max drawdown (3Y) | -20.8% | -41.2% |
| Market cap | $19.4B | $36.9B |
| P/E (trailing) | 44.8 | 22.6 |
| Dividend yield | 3.58% | 4.32% |
| Sector / category | Real Estate | Consumer Staples |
Year-by-year returns
| Year | ESS | KVUE |
|---|---|---|
| 2022 | -37.8% | – |
| 2023 | +22.0% | – |
| 2024 | +18.4% | +3.1% |
| 2025 | -5.0% | -15.9% |
| 2026 | +10.5% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESS and KVUE good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ESS and KVUE?
As of 2026-08-27, the correlation of weekly returns between ESS and KVUE is 0.37 over 3 years, 0.30 over 1 year and n/a over 5 years.
Is KVUE a good diversifier for ESS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ess-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ess-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ESS correlations · KVUE correlations
