IDA vs KVUE: Correlation
IDACORP, Inc. (IDA) and Kenvue (KVUE) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDA and KVUE?
Over the past 3 years, IDA and KVUE moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.37 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 180.3 %².
Among the 18 assets we track against IDA, KVUE ranks #13 by 3-year correlation. Over the last 12 months IDA came out ahead by 14.6 percentage points (+11.6% against -3.0%). Note the risk asymmetry: KVUE runs 1.5 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.
IDA vs KVUE: side by side
| IDA (IDACORP, Inc.) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | +11.6% | -3.0% |
| 5-year return | +51.7% | n/a |
| Volatility (ann.) | 17.8% | 27.3% |
| Beta vs S&P 500 | 0.10 | 0.16 |
| Max drawdown (3Y) | -13.6% | -41.2% |
| Market cap | $8.0B | $36.9B |
| P/E (trailing) | 22.9 | 22.6 |
| Dividend yield | 2.53% | 4.32% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | IDA | KVUE |
|---|---|---|
| 2022 | -2.1% | – |
| 2023 | -6.0% | – |
| 2024 | +15.0% | +3.1% |
| 2025 | +19.2% | -15.9% |
| 2026 | +10.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDA and KVUE good diversifiers for each other?
Reasonably. At 0.37, IDA and KVUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IDA and KVUE?
The IDA/KVUE correlation stands at 0.37 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KVUE a good diversifier for IDA?
Reasonably. At 0.37, IDA and KVUE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ida-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ida-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IDA correlations · KVUE correlations
