FLUT vs KKR: Correlation
How closely do Flutter Entertainment plc (FLUT) and KKR & Co. (KKR) 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 FLUT and KKR?
On 3 years of weekly data the FLUT/KKR correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.47 over 3. The 5-year figure is 0.44, and annualized covariance runs at 742.0 %².
Within FLUT's tracked universe of 14 assets, KKR comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KKR ahead by 47.3 points (-68.9% versus -21.6%).
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.
FLUT vs KKR: side by side
| FLUT (Flutter Entertainment plc) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | -68.9% | -21.6% |
| 5-year return | -51.0% | +77.3% |
| Volatility (ann.) | 41.7% | 37.8% |
| Beta vs S&P 500 | 1.16 | 1.76 |
| Max drawdown (3Y) | -70.1% | -49.4% |
| Market cap | $16.5B | $101.0B |
| P/E (trailing) | – | 34.7 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FLUT | KKR |
|---|---|---|
| 2022 | -14.4% | -37.0% |
| 2023 | +32.8% | +80.5% |
| 2024 | +44.4% | +79.6% |
| 2025 | -16.8% | -13.3% |
| 2026 | -55.8% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUT and KKR good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLUT and KKR?
As of 2026-08-27, the correlation of weekly returns between FLUT and KKR is 0.47 over 3 years, 0.49 over 1 year and 0.44 over 5 years.
Is KKR a good diversifier for FLUT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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.
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Related comparisons
Hubs: FLUT correlations · KKR correlations
