KR vs NXPI: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and NXP Semiconductors (NXPI) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and NXPI?
Over the past 3 years, KR and NXPI moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -180.7 %².
Within KR's tracked universe of 55 assets, NXPI comes in at #36 by 3-year correlation. Over the last 12 months NXPI came out ahead by 11.1 percentage points (-14.4% against -3.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.43 and 0.21 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since NXPI carries 1.7 times the volatility of the other side.
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 NXPI: side by side
| KR (Kroger) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | -14.4% | -3.3% |
| 5-year return | +37.3% | +8.6% |
| Volatility (ann.) | 23.4% | 39.9% |
| Beta vs S&P 500 | -0.16 | 1.53 |
| Max drawdown (3Y) | -26.2% | -46.5% |
| Market cap | – | $57.0B |
| P/E (trailing) | 33.3 | 19.3 |
| Dividend yield | 1.79% | 1.82% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | KR | NXPI |
|---|---|---|
| 2022 | +0.4% | -29.2% |
| 2023 | +5.0% | +48.4% |
| 2024 | +36.9% | -8.0% |
| 2025 | +4.3% | +6.4% |
| 2026 | -7.3% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and NXPI good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between KR and NXPI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.24 over the last year and -0.07 over 5 years.
Is NXPI a good diversifier for KR?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/kr-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kr-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · NXPI correlations
