KR vs WEC: Correlation
How closely do Kroger (KR) and WEC Energy Group (WEC) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and WEC?
Across a 3-year window, the weekly returns of KR and WEC correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 141.7 %².
Within KR's tracked universe of 55 assets, WEC comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WEC outperformed by 16.5 percentage points (-14.4% for KR against +2.1% for WEC). Across three years, the rolling one-year figure varied moderately, from 0.11 to 0.55.
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 WEC: side by side
| KR (Kroger) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | -14.4% | +2.1% |
| 5-year return | +37.3% | +32.7% |
| Volatility (ann.) | 23.4% | 16.9% |
| Beta vs S&P 500 | -0.16 | 0.02 |
| Max drawdown (3Y) | -26.2% | -11.6% |
| Market cap | – | $34.6B |
| P/E (trailing) | 33.3 | 20.6 |
| Dividend yield | 1.79% | 3.43% |
| Sector / category | Consumer Staples | Utilities |
Year-by-year returns
| Year | KR | WEC |
|---|---|---|
| 2022 | +0.4% | -0.5% |
| 2023 | +5.0% | -7.0% |
| 2024 | +36.9% | +16.1% |
| 2025 | +4.3% | +16.0% |
| 2026 | -7.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and WEC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KR and WEC?
As of 2026-08-27, the correlation of weekly returns between KR and WEC is 0.36 over 3 years, 0.39 over 1 year and 0.39 over 5 years.
Is WEC a good diversifier for KR?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: KR correlations · WEC correlations
