KHC vs SLGN: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and Silgan Holdings Inc. (SLGN) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and SLGN?
Over the past 3 years, KHC and SLGN moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 304.4 %².
Within KHC's tracked universe of 36 assets, SLGN comes in at #13 by 3-year correlation. Their 12-month results are close: -3.9% for KHC against -7.9% for SLGN.
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 SLGN: side by side
| KHC (Kraft Heinz) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -3.9% | -7.9% |
| 5-year return | -10.9% | +5.9% |
| Volatility (ann.) | 21.7% | 29.4% |
| Beta vs S&P 500 | 0.12 | 0.58 |
| Max drawdown (3Y) | -38.7% | -35.0% |
| Market cap | $29.8B | $4.4B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 6.45% | 1.91% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KHC | SLGN |
|---|---|---|
| 2022 | +18.2% | +22.7% |
| 2023 | -5.0% | -11.3% |
| 2024 | -13.0% | +16.8% |
| 2025 | -16.3% | -21.1% |
| 2026 | +7.3% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and SLGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KHC and SLGN?
The KHC/SLGN correlation stands at 0.48 on a 3-year window (1 year: 0.50, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SLGN a good diversifier for KHC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/khc-vs-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/khc-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KHC correlations · SLGN correlations
