KHC vs NNN: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and NNN REIT, Inc. (NNN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and NNN?
On 3 years of weekly data the KHC/NNN correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.47 over 3. The 5-year figure is 0.43, and annualized covariance runs at 190.3 %².
Among the 36 assets we track against KHC, NNN ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NNN outperformed by 17.0 percentage points (-3.9% for KHC against +13.1% for NNN).
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.
KHC vs NNN: side by side
| KHC (Kraft Heinz) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | -3.9% | +13.1% |
| 5-year return | -10.9% | +25.1% |
| Volatility (ann.) | 21.7% | 18.8% |
| Beta vs S&P 500 | 0.12 | 0.31 |
| Max drawdown (3Y) | -38.7% | -22.0% |
| Market cap | $29.8B | $8.6B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 6.45% | 5.26% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KHC | NNN |
|---|---|---|
| 2022 | +18.2% | -0.0% |
| 2023 | -5.0% | -0.6% |
| 2024 | -13.0% | -0.1% |
| 2025 | -16.3% | +2.8% |
| 2026 | +7.3% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and NNN good diversifiers for each other?
Reasonably. At 0.47, KHC and NNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KHC and NNN?
The KHC/NNN correlation stands at 0.47 on a 3-year window (1 year: 0.51, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is NNN a good diversifier for KHC?
Reasonably. At 0.47, KHC and NNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/khc-vs-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/khc-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KHC correlations · NNN correlations
