KR vs MGEE: Correlation
Kroger (KR) and MGE Energy Inc. (MGEE) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and MGEE?
Across a 3-year window, the weekly returns of KR and MGEE correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.36). Stretching to 5 years gives 0.36, with an annualized covariance of 232.4 %².
By 3-year correlation, MGEE places #7 of the 55 assets tracked against KR. On 12-month performance MGEE holds a 6.1-point edge, -14.4% against -8.3%.
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 MGEE: side by side
| KR (Kroger) | MGEE (MGE Energy Inc.) | |
|---|---|---|
| 1-year return | -14.4% | -8.3% |
| 5-year return | +37.3% | +8.2% |
| Volatility (ann.) | 23.4% | 27.4% |
| Beta vs S&P 500 | -0.16 | 0.26 |
| Max drawdown (3Y) | -26.2% | -30.9% |
| Market cap | – | $3.0B |
| P/E (trailing) | 33.3 | 19.5 |
| Dividend yield | 1.79% | 2.39% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KR | MGEE |
|---|---|---|
| 2022 | +0.4% | -12.6% |
| 2023 | +5.0% | +5.1% |
| 2024 | +36.9% | +32.8% |
| 2025 | +4.3% | -14.7% |
| 2026 | -7.3% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and MGEE good diversifiers for each other?
Reasonably. At 0.36, KR and MGEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KR and MGEE?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.19 over the last year and 0.36 over 5 years.
Is MGEE a good diversifier for KR?
Reasonably. At 0.36, KR and MGEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-mgee.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kr-vs-mgee/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · MGEE correlations
