KR vs XLK: Correlation
Measured on weekly returns over the past three years, Kroger (KR) and Technology Select Sector SPDR Fund (XLK) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and XLK?
On 3 years of weekly data the KR/XLK correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.19). The 5-year figure is -0.00, and annualized covariance runs at -107.4 %².
Within KR's tracked universe of 55 assets, XLK comes in at #37 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XLK outperformed by 57.8 percentage points (-14.4% for KR against +43.4% for XLK). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.35 to 0.27.
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 XLK: side by side
| KR (Kroger) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -14.4% | +43.4% |
| 5-year return | +37.3% | +145.2% |
| Volatility (ann.) | 23.4% | 24.0% |
| Beta vs S&P 500 | -0.16 | 1.50 |
| Max drawdown (3Y) | -26.2% | -25.7% |
| Market cap | – | – |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 0.45% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $115.4B |
| Sector / category | Consumer Staples | Sector ETF |
On the fund side, XLK sits in the Technology category at State Street Investment Management, with $115.4B under management, 73 holdings, a 0.08% expense ratio, a 0.45% trailing dividend yield.
Year-by-year returns
| Year | KR | XLK |
|---|---|---|
| 2022 | +0.4% | -27.7% |
| 2023 | +5.0% | +56.0% |
| 2024 | +36.9% | +21.6% |
| 2025 | +4.3% | +24.6% |
| 2026 | -7.3% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and XLK good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KR and XLK?
As of 2026-08-27, the correlation of weekly returns between KR and XLK is -0.19 over 3 years, -0.37 over 1 year and -0.00 over 5 years.
Is XLK a good diversifier for KR?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kr-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KR correlations · XLK correlations
