KHC vs SENEA: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and Seneca Foods Corp. (SENEA) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and SENEA?
Over the past 3 years, KHC and SENEA moved with a correlation of 0.34, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.34). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 242.5 %².
Within KHC's tracked universe of 36 assets, SENEA comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SENEA outperformed by 77.2 percentage points (-3.9% for KHC against +73.3% for SENEA). Risk is not evenly split, since SENEA carries 1.5 times the volatility of the other side.
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 SENEA: side by side
| KHC (Kraft Heinz) | SENEA (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | -3.9% | +73.3% |
| 5-year return | -10.9% | +294.2% |
| Volatility (ann.) | 21.7% | 33.3% |
| Beta vs S&P 500 | 0.12 | 0.07 |
| Max drawdown (3Y) | -38.7% | -22.8% |
| Market cap | $29.8B | $1.3B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 6.45% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KHC | SENEA |
|---|---|---|
| 2022 | +18.2% | +27.1% |
| 2023 | -5.0% | -14.0% |
| 2024 | -13.0% | +51.1% |
| 2025 | -16.3% | +39.6% |
| 2026 | +7.3% | +73.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and SENEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KHC and SENEA?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.50 over the last year and 0.30 over 5 years.
Is SENEA a good diversifier for KHC?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/khc-vs-senea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/khc-vs-senea/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KHC correlations · SENEA correlations
