KR vs UONEK: Correlation
Kroger (KR) and Urban One, Inc. (UONEK) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and UONEK?
Over the past 3 years, KR and UONEK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -510.7 %².
UONEK is close to the least connected end of KR's tracked universe, ranking #51 of 55. The last year tells two different stories: KR led by 32.4 percentage points, -14.4% for KR against -46.8% for UONEK. Note the risk asymmetry: UONEK runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UONEK: side by side
| KR (Kroger) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | -14.4% | -46.8% |
| 5-year return | +37.3% | -93.7% |
| Volatility (ann.) | 23.4% | 82.3% |
| Beta vs S&P 500 | -0.16 | 0.73 |
| Max drawdown (3Y) | -26.2% | -93.1% |
| 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 | UONEK |
|---|---|---|
| 2022 | +0.4% | +10.9% |
| 2023 | +5.0% | -6.1% |
| 2024 | +36.9% | -71.7% |
| 2025 | +4.3% | -14.0% |
| 2026 | -7.3% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and UONEK good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between KR and UONEK?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.33 over the last year and -0.12 over 5 years.
Is UONEK a good diversifier for KR?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kr-vs-uonek.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kr-vs-uonek/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · UONEK correlations
