KR vs WBTN: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and WEBTOON Entertainment Inc. (WBTN) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and WBTN?
Across a 3-year window, the weekly returns of KR and WBTN correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.23 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -441.9 %².
Within KR's tracked universe of 55 assets, WBTN comes in at #45 by 3-year correlation. The last year tells two different stories: KR led by 20.0 percentage points, -14.4% for KR against -34.4% for WBTN. Note the risk asymmetry: WBTN runs 3.4 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 WBTN: side by side
| KR (Kroger) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -14.4% | -34.4% |
| 5-year return | +37.3% | n/a |
| Volatility (ann.) | 23.4% | 80.5% |
| Beta vs S&P 500 | -0.16 | 1.69 |
| Max drawdown (3Y) | -26.2% | -70.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KR | WBTN |
|---|---|---|
| 2022 | +0.4% | – |
| 2023 | +5.0% | – |
| 2024 | +36.9% | – |
| 2025 | +4.3% | -4.1% |
| 2026 | -7.3% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and WBTN good diversifiers for each other?
Yes. With a correlation of -0.23, KR and WBTN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KR and WBTN?
As of 2026-08-27, the correlation of weekly returns between KR and WBTN is -0.23 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is WBTN a good diversifier for KR?
Yes. With a correlation of -0.23, KR and WBTN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kr-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · WBTN correlations
