KR vs TEL: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and TE Connectivity (TEL) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and TEL?
On 3 years of weekly data the KR/TEL correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.18). The 5-year figure is -0.01, and annualized covariance runs at -122.8 %².
Among the 55 assets we track against KR, TEL ranks #33 by 3-year correlation. Over the last 12 months TEL came out ahead by 13.3 percentage points (-14.4% against -1.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.30 to 0.37.
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 TEL: side by side
| KR (Kroger) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | -14.4% | -1.1% |
| 5-year return | +37.3% | +43.7% |
| Volatility (ann.) | 23.4% | 28.8% |
| Beta vs S&P 500 | -0.16 | 1.32 |
| Max drawdown (3Y) | -26.2% | -22.6% |
| Market cap | – | $58.8B |
| P/E (trailing) | 33.3 | 20.1 |
| Dividend yield | 1.79% | 1.42% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | KR | TEL |
|---|---|---|
| 2022 | +0.4% | -27.7% |
| 2023 | +5.0% | +24.6% |
| 2024 | +36.9% | +3.5% |
| 2025 | +4.3% | +61.1% |
| 2026 | -7.3% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and TEL good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between KR and TEL?
As of 2026-08-27, the correlation of weekly returns between KR and TEL is -0.18 over 3 years, -0.32 over 1 year and -0.01 over 5 years.
Is TEL a good diversifier for KR?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kr-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KR correlations · TEL correlations
