KHC vs O: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and Realty Income (O) 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 O?
Over the past 3 years, KHC and O moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 174.8 %².
Within KHC's tracked universe of 36 assets, O comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with O ahead by 15.2 points (-3.9% versus +11.3%). The rolling one-year correlation moved between 0.21 and 0.68 over the past three years, a moderate range.
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 O: side by side
| KHC (Kraft Heinz) | O (Realty Income) | |
|---|---|---|
| 1-year return | -3.9% | +11.3% |
| 5-year return | -10.9% | +14.5% |
| Volatility (ann.) | 21.7% | 17.3% |
| Beta vs S&P 500 | 0.12 | 0.21 |
| Max drawdown (3Y) | -38.7% | -19.3% |
| Market cap | $29.8B | $58.5B |
| P/E (trailing) | – | 45.4 |
| Dividend yield | 6.45% | 5.20% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | KHC | O |
|---|---|---|
| 2022 | +18.2% | -7.4% |
| 2023 | -5.0% | -4.5% |
| 2024 | -13.0% | -2.1% |
| 2025 | -16.3% | +12.2% |
| 2026 | +7.3% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and O good diversifiers for each other?
Reasonably. At 0.47, KHC and O keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KHC and O?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.41 over the last year and 0.37 over 5 years.
Is O a good diversifier for KHC?
Reasonably. At 0.47, KHC and O 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-o.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KHC correlations · O correlations
