KSS vs M: Correlation
How closely do Kohl's Corporation (KSS) and Macy's Inc (M) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KSS and M?
On 3 years of weekly data the KSS/M correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.56 over 3. The 5-year figure is 0.61, and annualized covariance runs at 1971.8 %².
In KSS's tracked universe of 14 assets, M sits right near the top at #1. Correlation aside, the last 12 months split them widely, with M ahead by 56.1 points (+15.7% versus +71.8%).
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.
KSS vs M: side by side
| KSS (Kohl's Corporation) | M (Macy's Inc) | |
|---|---|---|
| 1-year return | +15.7% | +71.8% |
| 5-year return | -57.2% | +21.5% |
| Volatility (ann.) | 71.1% | 49.3% |
| Beta vs S&P 500 | 1.76 | 1.06 |
| Max drawdown (3Y) | -77.0% | -51.3% |
| Market cap | – | $5.9B |
| P/E (trailing) | 7.7 | 9.4 |
| Dividend yield | 2.79% | 3.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KSS | M |
|---|---|---|
| 2022 | -46.0% | -18.7% |
| 2023 | +23.8% | +1.6% |
| 2024 | -45.8% | -12.4% |
| 2025 | +51.5% | +36.5% |
| 2026 | -9.5% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KSS and M good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KSS and M?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.62 over the last year and 0.61 over 5 years.
Is M a good diversifier for KSS?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kss-vs-m.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kss-vs-m/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KSS correlations · M correlations
