KR vs SPYG: Correlation
How closely do Kroger (KR) and SPDR Portfolio S&P 500 Growth ETF (SPYG) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and SPYG?
Over the past 3 years, KR and SPYG moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.17 over 3 years. Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is -75.7 %².
Within KR's tracked universe of 55 assets, SPYG comes in at #30 by 3-year correlation. The last year tells two different stories: SPYG led by 36.8 percentage points, -14.4% for KR against +22.4% for SPYG. The relationship is regime-dependent: the rolling one-year correlation swung between -0.37 and 0.32 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 SPYG: side by side
| KR (Kroger) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | -14.4% | +22.4% |
| 5-year return | +37.3% | +85.9% |
| Volatility (ann.) | 23.4% | 18.9% |
| Beta vs S&P 500 | -0.16 | 1.25 |
| Max drawdown (3Y) | -26.2% | -22.1% |
| Market cap | – | – |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Consumer Staples | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | KR | SPYG |
|---|---|---|
| 2022 | +0.4% | -29.4% |
| 2023 | +5.0% | +30.0% |
| 2024 | +36.9% | +36.0% |
| 2025 | +4.3% | +22.1% |
| 2026 | -7.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and SPYG good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between KR and SPYG?
As of 2026-08-27, the correlation of weekly returns between KR and SPYG is -0.17 over 3 years, -0.37 over 1 year and 0.05 over 5 years.
Is SPYG a good diversifier for KR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kr-vs-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kr-vs-spyg/)
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Related comparisons
Hubs: KR correlations · SPYG correlations
