KKR vs STEP: Correlation
KKR & Co. (KKR) and StepStone Group Inc. (STEP) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KKR and STEP?
Over the past 3 years, KKR and STEP moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 974.9 %².
Among the 37 assets we track against KKR, STEP ranks #17 by 3-year correlation. Neither side won the trailing year by much: -21.6% against -17.1%.
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 STEP: side by side
| KKR (KKR & Co.) | STEP (StepStone Group Inc.) | |
|---|---|---|
| 1-year return | -21.6% | -17.1% |
| 5-year return | +77.3% | +20.7% |
| Volatility (ann.) | 37.8% | 37.9% |
| Beta vs S&P 500 | 1.76 | 1.43 |
| Max drawdown (3Y) | -49.4% | -46.9% |
| Market cap | $101.0B | $6.5B |
| P/E (trailing) | 34.7 | – |
| Dividend yield | 0.70% | 2.25% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KKR | STEP |
|---|---|---|
| 2022 | -37.0% | -37.8% |
| 2023 | +80.5% | +31.7% |
| 2024 | +79.6% | +85.9% |
| 2025 | -13.3% | +13.6% |
| 2026 | -13.8% | -19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KKR and STEP good diversifiers for each other?
To a limited degree. At 0.68 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 STEP?
The KKR/STEP correlation stands at 0.68 on a 3-year window (1 year: 0.70, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is STEP a good diversifier for KKR?
To a limited degree. At 0.68 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 0.68 mean?
A reading of 0.68 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/kkr-vs-step.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kkr-vs-step/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KKR correlations · STEP correlations
