GM vs KR: Correlation
General Motors (GM) and Kroger (KR) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and KR?
Across a 3-year window, the weekly returns of GM and KR correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.17 over 3. Stretching to 5 years gives 0.01, with an annualized covariance of -124.7 %².
Within GM's tracked universe of 35 assets, KR comes in at #29 by 3-year correlation. The last year tells two different stories: GM led by 62.4 percentage points, +48.0% for GM against -14.4% for KR. This link changes with the market regime, having swung between -0.40 and 0.29 on a rolling one-year basis.
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.
GM vs KR: side by side
| GM (General Motors) | KR (Kroger) | |
|---|---|---|
| 1-year return | +48.0% | -14.4% |
| 5-year return | +82.5% | +37.3% |
| Volatility (ann.) | 32.2% | 23.4% |
| Beta vs S&P 500 | 0.98 | -0.16 |
| Max drawdown (3Y) | -29.1% | -26.2% |
| Market cap | $77.9B | – |
| P/E (trailing) | 38.6 | 33.3 |
| Dividend yield | 0.76% | 1.79% |
| Sector / category | Consumer Discretionary | Consumer Staples |
Year-by-year returns
| Year | GM | KR |
|---|---|---|
| 2022 | -42.4% | +0.4% |
| 2023 | +7.9% | +5.0% |
| 2024 | +49.8% | +36.9% |
| 2025 | +54.2% | +4.3% |
| 2026 | +6.5% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and KR good diversifiers for each other?
Yes. With a correlation of -0.17, GM and KR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GM and KR?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.26 over the last year and 0.01 over 5 years.
Is KR a good diversifier for GM?
Yes. With a correlation of -0.17, GM and KR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 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/gm-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gm-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GM correlations · KR correlations
