KR vs SOXX: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and iShares Semiconductor ETF (SOXX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and SOXX?
Across a 3-year window, the weekly returns of KR and SOXX correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.20). Stretching to 5 years gives -0.04, with an annualized covariance of -165.0 %².
Among the 55 assets we track against KR, SOXX ranks #40 by 3-year correlation. The last year tells two different stories: SOXX led by 124.4 percentage points, -14.4% for KR against +110.0% for SOXX. The relationship is regime-dependent: the rolling one-year correlation swung between -0.38 and 0.18 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since SOXX carries 1.5 times the volatility of the other side.
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 SOXX: side by side
| KR (Kroger) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -14.4% | +110.0% |
| 5-year return | +37.3% | +247.5% |
| Volatility (ann.) | 23.4% | 35.2% |
| Beta vs S&P 500 | -0.16 | 1.93 |
| Max drawdown (3Y) | -26.2% | -41.4% |
| Market cap | – | – |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Consumer Staples | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | KR | SOXX |
|---|---|---|
| 2022 | +0.4% | -35.1% |
| 2023 | +5.0% | +67.1% |
| 2024 | +36.9% | +12.9% |
| 2025 | +4.3% | +40.7% |
| 2026 | -7.3% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and SOXX good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KR and SOXX?
As of 2026-08-27, the correlation of weekly returns between KR and SOXX is -0.20 over 3 years, -0.36 over 1 year and -0.04 over 5 years.
Is SOXX a good diversifier for KR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kr-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · SOXX correlations
