KR vs UDR: Correlation
Kroger (KR) and UDR, Inc. (UDR) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and UDR?
Over the past 3 years, KR and UDR moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 169.2 %².
Among the 55 assets we track against KR, UDR ranks #14 by 3-year correlation. Over the last 12 months UDR came out ahead by 13.8 percentage points (-14.4% against -0.6%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.01 and 0.52 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 UDR: side by side
| KR (Kroger) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -14.4% | -0.6% |
| 5-year return | +37.3% | -15.5% |
| Volatility (ann.) | 23.4% | 21.1% |
| Beta vs S&P 500 | -0.16 | 0.54 |
| Max drawdown (3Y) | -26.2% | -24.9% |
| Market cap | – | $13.6B |
| P/E (trailing) | 33.3 | 23.9 |
| Dividend yield | 1.79% | 4.56% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | KR | UDR |
|---|---|---|
| 2022 | +0.4% | -33.4% |
| 2023 | +5.0% | +3.1% |
| 2024 | +36.9% | +18.3% |
| 2025 | +4.3% | -11.8% |
| 2026 | -7.3% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and UDR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KR and UDR?
The KR/UDR correlation stands at 0.34 on a 3-year window (1 year: 0.41, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is UDR a good diversifier for KR?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-udr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kr-vs-udr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KR correlations · UDR correlations
