KR vs PPL: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and PPL Corporation (PPL) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and PPL?
Across a 3-year window, the weekly returns of KR and PPL correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 139.7 %².
Within KR's tracked universe of 55 assets, PPL comes in at #13 by 3-year correlation. On 12-month performance PPL holds a 11.4-point edge, -14.4% against -3.0%. The rolling one-year correlation moved between 0.12 and 0.50 over the past three years, a moderate range.
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 PPL: side by side
| KR (Kroger) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | -14.4% | -3.0% |
| 5-year return | +37.3% | +41.1% |
| Volatility (ann.) | 23.4% | 17.4% |
| Beta vs S&P 500 | -0.16 | 0.13 |
| Max drawdown (3Y) | -26.2% | -13.3% |
| Market cap | – | $25.9B |
| P/E (trailing) | 33.3 | 20.7 |
| Dividend yield | 1.79% | 3.18% |
| Sector / category | Consumer Staples | Utilities |
Year-by-year returns
| Year | KR | PPL |
|---|---|---|
| 2022 | +0.4% | +0.4% |
| 2023 | +5.0% | -3.8% |
| 2024 | +36.9% | +24.0% |
| 2025 | +4.3% | +11.4% |
| 2026 | -7.3% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and PPL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KR and PPL?
As of 2026-08-27, the correlation of weekly returns between KR and PPL is 0.34 over 3 years, 0.37 over 1 year and 0.32 over 5 years.
Is PPL a good diversifier for KR?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kr-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · PPL correlations
