KR vs WM: Correlation
How closely do Kroger (KR) and Waste Management (WM) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and WM?
Over the past 3 years, KR and WM moved with a correlation of 0.34, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.34 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 146.7 %².
Among the 55 assets we track against KR, WM ranks #15 by 3-year correlation. The trailing year gives WM the advantage: -14.4% versus -2.0%, a 12.4-point spread. On a rolling one-year basis the correlation drifted between 0.14 and 0.54, a moderate band.
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 WM: side by side
| KR (Kroger) | WM (Waste Management) | |
|---|---|---|
| 1-year return | -14.4% | -2.0% |
| 5-year return | +37.3% | +51.8% |
| Volatility (ann.) | 23.4% | 18.3% |
| Beta vs S&P 500 | -0.16 | 0.07 |
| Max drawdown (3Y) | -26.2% | -18.1% |
| Market cap | – | $87.0B |
| P/E (trailing) | 33.3 | 30.8 |
| Dividend yield | 1.79% | 1.60% |
| Sector / category | Consumer Staples | Industrials |
Year-by-year returns
| Year | KR | WM |
|---|---|---|
| 2022 | +0.4% | -4.5% |
| 2023 | +5.0% | +16.2% |
| 2024 | +36.9% | +14.3% |
| 2025 | +4.3% | +10.5% |
| 2026 | -7.3% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and WM good diversifiers for each other?
Reasonably. At 0.34, KR and WM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KR and WM?
The KR/WM correlation stands at 0.34 on a 3-year window (1 year: 0.45, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is WM a good diversifier for KR?
Reasonably. At 0.34, KR and WM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-wm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kr-vs-wm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KR correlations · WM correlations
