HOLO vs KREF: Correlation
MicroCloud Hologram Inc. (HOLO) and KKR Real Estate Finance Trust Inc. (KREF) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOLO and KREF?
On 3 years of weekly data the HOLO/KREF correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.23 versus -0.33 over 3 years. The 5-year figure is -0.24, and annualized covariance runs at -6963.8 %².
KREF is close to the least connected end of HOLO's tracked universe, ranking #26 of 27. Correlation aside, the last 12 months split them widely, with KREF ahead by 49.6 points (-59.6% versus -10.0%). Note the risk asymmetry: HOLO runs 20.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HOLO vs KREF: side by side
| HOLO (MicroCloud Hologram Inc.) | KREF (KKR Real Estate Finance Trust Inc.) | |
|---|---|---|
| 1-year return | -59.6% | -10.0% |
| 5-year return | -100.0% | -38.4% |
| Volatility (ann.) | 648.5% | 32.2% |
| Beta vs S&P 500 | 3.02 | 0.66 |
| Max drawdown (3Y) | -100.0% | -44.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 11.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOLO | KREF |
|---|---|---|
| 2022 | -77.2% | -25.9% |
| 2023 | -84.4% | +9.2% |
| 2024 | -93.1% | -15.8% |
| 2025 | -98.7% | -9.3% |
| 2026 | -28.4% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOLO and KREF good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between HOLO and KREF?
The HOLO/KREF correlation stands at -0.33 on a 3-year window (1 year: 0.23, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is KREF a good diversifier for HOLO?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/holo-vs-kref.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/holo-vs-kref/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOLO correlations · KREF correlations
