FOUR vs KKR: Correlation
Measured on weekly returns over the past three years, Shift4 Payments, Inc. (FOUR) and KKR & Co. (KKR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOUR and KKR?
Across a 3-year window, the weekly returns of FOUR and KKR correlate at 0.50, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.50). Stretching to 5 years gives 0.44, with an annualized covariance of 1007.5 %².
Within FOUR's tracked universe of 20 assets, KKR comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KKR outperformed by 29.7 percentage points (-51.3% for FOUR against -21.6% for KKR).
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.
FOUR vs KKR: side by side
| FOUR (Shift4 Payments, Inc.) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | -51.3% | -21.6% |
| 5-year return | -48.7% | +77.3% |
| Volatility (ann.) | 52.8% | 37.8% |
| Beta vs S&P 500 | 1.43 | 1.76 |
| Max drawdown (3Y) | -71.6% | -49.4% |
| Market cap | $3.5B | $101.0B |
| P/E (trailing) | 68.7 | 34.7 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FOUR | KKR |
|---|---|---|
| 2022 | -3.5% | -37.0% |
| 2023 | +32.9% | +80.5% |
| 2024 | +39.6% | +79.6% |
| 2025 | -39.3% | -13.3% |
| 2026 | -30.2% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOUR and KKR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FOUR and KKR?
As of 2026-08-27, the correlation of weekly returns between FOUR and KKR is 0.50 over 3 years, 0.36 over 1 year and 0.44 over 5 years.
Is KKR a good diversifier for FOUR?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: FOUR correlations · KKR correlations
