KKR vs OWL: Correlation
KKR & Co. (KKR) and Blue Owl Capital Inc. (OWL) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KKR and OWL?
Over the past 3 years, KKR and OWL moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 1155.0 %².
By 3-year correlation, OWL places #6 of the 37 assets tracked against KKR. The trailing year gives KKR the advantage: -21.6% versus -30.2%, a 8.6-point spread.
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.
KKR vs OWL: side by side
| KKR (KKR & Co.) | OWL (Blue Owl Capital Inc.) | |
|---|---|---|
| 1-year return | -21.6% | -30.2% |
| 5-year return | +77.3% | +8.2% |
| Volatility (ann.) | 37.8% | 41.9% |
| Beta vs S&P 500 | 1.76 | 1.77 |
| Max drawdown (3Y) | -49.4% | -67.1% |
| Market cap | $101.0B | $18.8B |
| P/E (trailing) | 34.7 | 100.2 |
| Dividend yield | 0.70% | 7.71% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KKR | OWL |
|---|---|---|
| 2022 | -37.0% | -26.3% |
| 2023 | +80.5% | +47.4% |
| 2024 | +79.6% | +61.8% |
| 2025 | -13.3% | -32.8% |
| 2026 | -13.8% | -14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KKR and OWL good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KKR and OWL?
The KKR/OWL correlation stands at 0.73 on a 3-year window (1 year: 0.65, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is OWL a good diversifier for KKR?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 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/kkr-vs-owl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kkr-vs-owl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KKR correlations · OWL correlations
