KR vs QCOM: Correlation
Kroger (KR) and Qualcomm (QCOM) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and QCOM?
On 3 years of weekly data the KR/QCOM correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.22). The 5-year figure is -0.06, and annualized covariance runs at -219.5 %².
Within KR's tracked universe of 55 assets, QCOM comes in at #42 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QCOM ahead by 19.7 points (-14.4% versus +5.3%). This link changes with the market regime, having swung between -0.53 and 0.14 on a rolling one-year basis. Note the risk asymmetry: QCOM runs 1.8 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 QCOM: side by side
| KR (Kroger) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | -14.4% | +5.3% |
| 5-year return | +37.3% | +25.8% |
| Volatility (ann.) | 23.4% | 42.4% |
| Beta vs S&P 500 | -0.16 | 1.77 |
| Max drawdown (3Y) | -26.2% | -44.2% |
| Market cap | – | $176.0B |
| P/E (trailing) | 33.3 | 18.9 |
| Dividend yield | 1.79% | 2.19% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | KR | QCOM |
|---|---|---|
| 2022 | +0.4% | -38.6% |
| 2023 | +5.0% | +35.1% |
| 2024 | +36.9% | +8.3% |
| 2025 | +4.3% | +13.8% |
| 2026 | -7.3% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and QCOM good diversifiers for each other?
Yes. With a correlation of -0.22, KR and QCOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KR and QCOM?
The KR/QCOM correlation stands at -0.22 on a 3-year window (1 year: -0.33, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is QCOM a good diversifier for KR?
Yes. With a correlation of -0.22, KR and QCOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kr-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KR correlations · QCOM correlations
