KR vs WMT: Correlation
Kroger (KR) and Walmart (WMT) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and WMT?
Over the past 3 years, KR and WMT moved with a correlation of 0.29, which is weak. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 156.7 %².
Within KR's tracked universe of 55 assets, WMT comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WMT outperformed by 22.1 percentage points (-14.4% for KR against +7.7% for WMT). On a rolling one-year basis the correlation drifted between 0.16 and 0.51, 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 WMT: side by side
| KR (Kroger) | WMT (Walmart) | |
|---|---|---|
| 1-year return | -14.4% | +7.7% |
| 5-year return | +37.3% | +121.9% |
| Volatility (ann.) | 23.4% | 23.0% |
| Beta vs S&P 500 | -0.16 | 0.53 |
| Max drawdown (3Y) | -26.2% | -23.3% |
| Market cap | – | $816.7B |
| P/E (trailing) | 33.3 | 37.1 |
| Dividend yield | 1.79% | 0.92% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KR | WMT |
|---|---|---|
| 2022 | +0.4% | -0.5% |
| 2023 | +5.0% | +12.9% |
| 2024 | +36.9% | +74.0% |
| 2025 | +4.3% | +24.5% |
| 2026 | -7.3% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and WMT good diversifiers for each other?
Reasonably. At 0.29, KR and WMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KR and WMT?
The KR/WMT correlation stands at 0.29 on a 3-year window (1 year: 0.34, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is WMT a good diversifier for KR?
Reasonably. At 0.29, KR and WMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KR correlations · WMT correlations
