KHC vs VZ: Correlation
How closely do Kraft Heinz (KHC) and Verizon (VZ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and VZ?
Over the past 3 years, KHC and VZ moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 198.7 %².
Within KHC's tracked universe of 36 assets, VZ comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VZ ahead by 23.2 points (-3.9% versus +19.3%). Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.56.
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 VZ: side by side
| KHC (Kraft Heinz) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -3.9% | +19.3% |
| 5-year return | -10.9% | +23.8% |
| Volatility (ann.) | 21.7% | 22.9% |
| Beta vs S&P 500 | 0.12 | 0.15 |
| Max drawdown (3Y) | -38.7% | -17.0% |
| Market cap | $29.8B | $205.4B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 6.45% | 5.57% |
| Sector / category | Consumer Staples | Communication Services |
Year-by-year returns
| Year | KHC | VZ |
|---|---|---|
| 2022 | +18.2% | -20.0% |
| 2023 | -5.0% | +2.7% |
| 2024 | -13.0% | +13.1% |
| 2025 | -16.3% | +8.9% |
| 2026 | +7.3% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and VZ good diversifiers for each other?
Reasonably. At 0.40, KHC and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KHC and VZ?
As of 2026-08-27, the correlation of weekly returns between KHC and VZ is 0.40 over 3 years, 0.26 over 1 year and 0.33 over 5 years.
Is VZ a good diversifier for KHC?
Reasonably. At 0.40, KHC and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/khc-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KHC correlations · VZ correlations
