KR vs RXT: Correlation
How closely do Kroger (KR) and Rackspace Technology, Inc. (RXT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and RXT?
Across a 3-year window, the weekly returns of KR and RXT correlate at -0.24, 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 (-0.24). Stretching to 5 years gives -0.16, with an annualized covariance of -1290.6 %².
By 3-year correlation, RXT places #49 of the 55 assets tracked against KR. Their recent paths diverged sharply: over the last 12 months RXT outperformed by 193.7 percentage points (-14.4% for KR against +179.3% for RXT). Note the risk asymmetry: RXT runs 9.8 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 RXT: side by side
| KR (Kroger) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | -14.4% | +179.3% |
| 5-year return | +37.3% | -75.7% |
| Volatility (ann.) | 23.4% | 230.1% |
| Beta vs S&P 500 | -0.16 | 3.34 |
| Max drawdown (3Y) | -26.2% | -86.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KR | RXT |
|---|---|---|
| 2022 | +0.4% | -78.1% |
| 2023 | +5.0% | -32.2% |
| 2024 | +36.9% | +10.5% |
| 2025 | +4.3% | -56.1% |
| 2026 | -7.3% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and RXT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between KR and RXT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.16 over 5 years.
Is RXT a good diversifier for KR?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kr-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kr-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KR correlations · RXT correlations
