KHC vs ZSQR: Correlation
Kraft Heinz (KHC) and Z Squared Inc. (ZSQR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and ZSQR?
On 3 years of weekly data the KHC/ZSQR correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -472.2 %².
Within KHC's tracked universe of 36 assets, ZSQR comes in at #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KHC outperformed by 64.3 percentage points (-3.9% for KHC against -68.2% for ZSQR). Note the risk asymmetry: ZSQR runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZSQR: side by side
| KHC (Kraft Heinz) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | -3.9% | -68.2% |
| 5-year return | -10.9% | -97.9% |
| Volatility (ann.) | 21.7% | 98.5% |
| Beta vs S&P 500 | 0.12 | 0.28 |
| Max drawdown (3Y) | -38.7% | -89.7% |
| Market cap | $29.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 6.45% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KHC | ZSQR |
|---|---|---|
| 2022 | +18.2% | -84.7% |
| 2023 | -5.0% | -48.8% |
| 2024 | -13.0% | -64.9% |
| 2025 | -16.3% | +159.1% |
| 2026 | +7.3% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and ZSQR good diversifiers for each other?
Yes. With a correlation of -0.22, KHC and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KHC and ZSQR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.21 over the last year and -0.06 over 5 years.
Is ZSQR a good diversifier for KHC?
Yes. With a correlation of -0.22, KHC and ZSQR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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-zsqr.json
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Related comparisons
Hubs: KHC correlations · ZSQR correlations
