KLAC vs KR: Correlation
Measured on weekly returns over the past three years, KLA Corporation (KLAC) and Kroger (KR) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLAC and KR?
Across a 3-year window, the weekly returns of KLAC and KR correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -179.9 %².
Among the 40 assets we track against KLAC, KR ranks #34 by 3-year correlation. The last year tells two different stories: KLAC led by 122.3 percentage points, +107.9% for KLAC against -14.4% for KR. This link changes with the market regime, having swung between -0.33 and 0.19 on a rolling one-year basis. Note the risk asymmetry: KLAC runs 1.9 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.
KLAC vs KR: side by side
| KLAC (KLA Corporation) | KR (Kroger) | |
|---|---|---|
| 1-year return | +107.9% | -14.4% |
| 5-year return | +463.9% | +37.3% |
| Volatility (ann.) | 45.6% | 23.4% |
| Beta vs S&P 500 | 1.84 | -0.16 |
| Max drawdown (3Y) | -43.6% | -26.2% |
| Market cap | $240.1B | – |
| P/E (trailing) | 50.2 | 33.3 |
| Dividend yield | 0.44% | 1.79% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | KLAC | KR |
|---|---|---|
| 2022 | -11.2% | +0.4% |
| 2023 | +56.0% | +5.0% |
| 2024 | +9.4% | +36.9% |
| 2025 | +94.5% | +4.3% |
| 2026 | +51.8% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLAC and KR good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between KLAC and KR?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.20 over the last year and -0.04 over 5 years.
Is KR a good diversifier for KLAC?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: KLAC correlations · KR correlations
