KINS vs NGVC: Correlation
How closely do Kingstone Companies, Inc (KINS) and Natural Grocers by Vitamin Cottage, Inc. (NGVC) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KINS and NGVC?
On 3 years of weekly data the KINS/NGVC correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.47 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 1687.2 %².
Few assets follow KINS as closely as NGVC, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months KINS outperformed by 82.9 percentage points (+53.1% for KINS against -29.8% for NGVC).
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.
KINS vs NGVC: side by side
| KINS (Kingstone Companies, Inc) | NGVC (Natural Grocers by Vitamin Cottage, Inc.) | |
|---|---|---|
| 1-year return | +53.1% | -29.8% |
| 5-year return | +201.6% | +184.3% |
| Volatility (ann.) | 69.2% | 51.4% |
| Beta vs S&P 500 | 0.71 | 0.61 |
| Max drawdown (3Y) | -38.8% | -59.9% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | 8.2 | 13.6 |
| Dividend yield | 0.99% | 2.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KINS | NGVC |
|---|---|---|
| 2022 | -72.3% | -34.0% |
| 2023 | +57.8% | +91.8% |
| 2024 | +613.1% | +152.5% |
| 2025 | +11.5% | -36.1% |
| 2026 | +20.5% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KINS and NGVC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KINS and NGVC?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.32 over the last year and 0.32 over 5 years.
Is NGVC a good diversifier for KINS?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined 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.
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Related comparisons
Hubs: KINS correlations · NGVC correlations
