KR vs QQQ: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and Invesco QQQ Trust (QQQ) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and QQQ?
Over the past 3 years, KR and QQQ moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.16). Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -72.1 %².
Within KR's tracked universe of 55 assets, QQQ comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 40.7 points (-14.4% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.34 and 0.24 over the past three years, so this pair behaves very differently depending on the market environment.
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 QQQ: side by side
| KR (Kroger) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.4% | +26.3% |
| 5-year return | +37.3% | +95.4% |
| Volatility (ann.) | 23.4% | 19.6% |
| Beta vs S&P 500 | -0.16 | 1.28 |
| Max drawdown (3Y) | -26.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | KR | QQQ |
|---|---|---|
| 2022 | +0.4% | -32.6% |
| 2023 | +5.0% | +54.9% |
| 2024 | +36.9% | +25.6% |
| 2025 | +4.3% | +20.8% |
| 2026 | -7.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and QQQ good diversifiers for each other?
Yes. With a correlation of -0.16, KR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KR and QQQ?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.35 over the last year and 0.04 over 5 years.
Is QQQ a good diversifier for KR?
Yes. With a correlation of -0.16, KR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kr-vs-qqq/)
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Related comparisons
Hubs: KR correlations · QQQ correlations
