KRO vs NL: Correlation
Measured on weekly returns over the past three years, Kronos Worldwide Inc (KRO) and NLI Holdings, Inc. (NL) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRO and NL?
Across a 3-year window, the weekly returns of KRO and NL correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 848.0 %².
Among the 17 assets we track against KRO, NL ranks #12 by 3-year correlation. The last year tells two different stories: KRO led by 42.0 percentage points, +45.6% for KRO against +3.6% for NL.
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.
KRO vs NL: side by side
| KRO (Kronos Worldwide Inc) | NL (NLI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +45.6% | +3.6% |
| 5-year return | -15.4% | +41.5% |
| Volatility (ann.) | 55.0% | 41.2% |
| Beta vs S&P 500 | 1.47 | 0.73 |
| Max drawdown (3Y) | -68.7% | -38.9% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.28% | 5.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRO | NL |
|---|---|---|
| 2022 | -33.7% | -1.3% |
| 2023 | +14.9% | -13.5% |
| 2024 | +2.5% | +54.9% |
| 2025 | -53.1% | -23.0% |
| 2026 | +101.5% | +23.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRO and NL good diversifiers for each other?
Reasonably. At 0.37, KRO and NL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KRO and NL?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.27 over the last year and 0.38 over 5 years.
Is NL a good diversifier for KRO?
Reasonably. At 0.37, KRO and NL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/kro-vs-nl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kro-vs-nl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRO correlations · NL correlations
