KKR vs TPG: Correlation
KKR & Co. (KKR) and TPG Inc. (TPG) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KKR and TPG?
Across a 3-year window, the weekly returns of KKR and TPG correlate at 0.77, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 1088.6 %².
By 3-year correlation, TPG places #4 of the 37 assets tracked against KKR. Over the last 12 months TPG came out ahead by 13.5 percentage points (-21.6% against -8.1%).
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 TPG: side by side
| KKR (KKR & Co.) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | -21.6% | -8.1% |
| 5-year return | +77.3% | +91.2% |
| Volatility (ann.) | 37.8% | 37.6% |
| Beta vs S&P 500 | 1.76 | 1.62 |
| Max drawdown (3Y) | -49.4% | -44.8% |
| Market cap | $101.0B | $21.1B |
| P/E (trailing) | 34.7 | 78.2 |
| Dividend yield | 0.70% | 4.24% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KKR | TPG |
|---|---|---|
| 2022 | -37.0% | – |
| 2023 | +80.5% | +62.4% |
| 2024 | +79.6% | +50.6% |
| 2025 | -13.3% | +5.1% |
| 2026 | -13.8% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KKR and TPG good diversifiers for each other?
Only partially. A correlation of 0.77 means KKR and TPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KKR and TPG?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.76 over the last year and 0.75 over 5 years.
Is TPG a good diversifier for KKR?
Only partially. A correlation of 0.77 means KKR and TPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kkr-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kkr-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KKR correlations · TPG correlations
