IRT vs KVUE: Correlation
How closely do Independence Realty Trust, Inc. (IRT) and Kenvue (KVUE) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRT and KVUE?
On 3 years of weekly data the IRT/KVUE correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.38 over 3. The 5-year figure is n/a, and annualized covariance runs at 254.8 %².
Out of 16 assets tracked against IRT, KVUE lands near the bottom at #12. Twelve-month performance is nearly a tie, at -3.5% for IRT and -3.0% for KVUE.
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.
IRT vs KVUE: side by side
| IRT (Independence Realty Trust, Inc.) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | -3.5% | -3.0% |
| 5-year return | -4.5% | n/a |
| Volatility (ann.) | 24.8% | 27.3% |
| Beta vs S&P 500 | 0.74 | 0.16 |
| Max drawdown (3Y) | -29.0% | -41.2% |
| Market cap | $4.0B | $36.9B |
| P/E (trailing) | 91.1 | 22.6 |
| Dividend yield | 4.15% | 4.32% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | IRT | KVUE |
|---|---|---|
| 2022 | -32.3% | – |
| 2023 | -5.6% | – |
| 2024 | +34.3% | +3.1% |
| 2025 | -8.5% | -15.9% |
| 2026 | -4.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRT and KVUE good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IRT and KVUE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is KVUE a good diversifier for IRT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/irt-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/irt-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRT correlations · KVUE correlations
