KR vs MCHP: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and Microchip Technology (MCHP) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and MCHP?
Over the past 3 years, KR and MCHP moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -213.5 %².
By 3-year correlation, MCHP places #39 of the 55 assets tracked against KR. The last year tells two different stories: MCHP led by 30.6 percentage points, -14.4% for KR against +16.2% for MCHP. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.43 to 0.18. Note the risk asymmetry: MCHP runs 2.0 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.
KR vs MCHP: side by side
| KR (Kroger) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | -14.4% | +16.2% |
| 5-year return | +37.3% | +5.9% |
| Volatility (ann.) | 23.4% | 46.7% |
| Beta vs S&P 500 | -0.16 | 1.97 |
| Max drawdown (3Y) | -26.2% | -63.8% |
| Market cap | – | $41.0B |
| P/E (trailing) | 33.3 | 109.4 |
| Dividend yield | 1.79% | 2.46% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | KR | MCHP |
|---|---|---|
| 2022 | +0.4% | -18.0% |
| 2023 | +5.0% | +30.9% |
| 2024 | +36.9% | -35.0% |
| 2025 | +4.3% | +14.6% |
| 2026 | -7.3% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and MCHP good diversifiers for each other?
Yes. With a correlation of -0.20, KR and MCHP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KR and MCHP?
The KR/MCHP correlation stands at -0.20 on a 3-year window (1 year: -0.39, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is MCHP a good diversifier for KR?
Yes. With a correlation of -0.20, KR and MCHP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/kr-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kr-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KR correlations · MCHP correlations
