KR vs SDEV: Correlation
How closely do Kroger (KR) and Stablecoin Development Corporation (SDEV) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and SDEV?
Across a 3-year window, the weekly returns of KR and SDEV correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -1106.8 %².
Among the 55 assets we track against KR, SDEV ranks #41 by 3-year correlation. The last year tells two different stories: KR led by 66.5 percentage points, -14.4% for KR against -80.9% for SDEV. One caveat on sizing: SDEV is 9.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SDEV: side by side
| KR (Kroger) | SDEV (Stablecoin Development Corporation) | |
|---|---|---|
| 1-year return | -14.4% | -80.9% |
| 5-year return | +37.3% | -100.0% |
| Volatility (ann.) | 23.4% | 222.1% |
| Beta vs S&P 500 | -0.16 | 1.75 |
| Max drawdown (3Y) | -26.2% | -99.0% |
| Market cap | – | – |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KR | SDEV |
|---|---|---|
| 2022 | +0.4% | -85.3% |
| 2023 | +5.0% | -89.7% |
| 2024 | +36.9% | -91.4% |
| 2025 | +4.3% | +1322.1% |
| 2026 | -7.3% | -96.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and SDEV good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between KR and SDEV?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.26 over the last year and -0.13 over 5 years.
Is SDEV a good diversifier for KR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: KR correlations · SDEV correlations
