KR vs MO: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and Altria (MO) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and MO?
Across a 3-year window, the weekly returns of KR and MO correlate at 0.26, weak. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 134.1 %².
Within KR's tracked universe of 55 assets, MO comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MO ahead by 23.2 points (-14.4% versus +8.8%). This link changes with the market regime, having swung between -0.01 and 0.49 on a rolling one-year basis.
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 MO: side by side
| KR (Kroger) | MO (Altria) | |
|---|---|---|
| 1-year return | -14.4% | +8.8% |
| 5-year return | +37.3% | +100.4% |
| Volatility (ann.) | 23.4% | 21.8% |
| Beta vs S&P 500 | -0.16 | -0.07 |
| Max drawdown (3Y) | -26.2% | -16.4% |
| Market cap | – | $113.0B |
| P/E (trailing) | 33.3 | 14.6 |
| Dividend yield | 1.79% | 6.13% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KR | MO |
|---|---|---|
| 2022 | +0.4% | +4.4% |
| 2023 | +5.0% | -3.7% |
| 2024 | +36.9% | +40.8% |
| 2025 | +4.3% | +18.2% |
| 2026 | -7.3% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and MO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KR and MO?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.36 over the last year and 0.30 over 5 years.
Is MO a good diversifier for KR?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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-mo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kr-vs-mo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · MO correlations
