KG vs STRL: Correlation
How closely do Kestrel Group, Ltd. (KG) and Sterling Infrastructure, Inc. (STRL) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KG and STRL?
Across a 3-year window, the weekly returns of KG and STRL correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 1795.7 %².
By 3-year correlation, STRL places #4 of the 10 assets tracked against KG. Their recent paths diverged sharply: over the last 12 months STRL outperformed by 147.8 percentage points (-72.8% for KG against +75.0% for STRL).
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.
KG vs STRL: side by side
| KG (Kestrel Group, Ltd.) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | -72.8% | +75.0% |
| 5-year return | -87.8% | +2095.9% |
| Volatility (ann.) | 75.1% | 66.9% |
| Beta vs S&P 500 | 1.49 | 2.13 |
| Max drawdown (3Y) | -85.0% | -51.1% |
| Market cap | $0.1B | $15.5B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KG | STRL |
|---|---|---|
| 2022 | -31.0% | +24.7% |
| 2023 | +8.5% | +168.1% |
| 2024 | -26.2% | +91.6% |
| 2025 | -69.7% | +81.8% |
| 2026 | -26.0% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KG and STRL good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KG and STRL?
As of 2026-08-27, the correlation of weekly returns between KG and STRL is 0.36 over 3 years, 0.42 over 1 year and 0.31 over 5 years.
Is STRL a good diversifier for KG?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/kg-vs-strl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kg-vs-strl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KG correlations · STRL correlations
