KVUE vs MAA: Correlation
Kenvue (KVUE) and Mid-America Apartment Communities (MAA) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and MAA?
On 3 years of weekly data the KVUE/MAA correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 235.3 %².
MAA is one of the assets that tracks KVUE most closely: it ranks #3 out of the 34 assets we track against KVUE. Neither side won the trailing year by much: -3.0% against -6.6%. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.52.
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.
KVUE vs MAA: side by side
| KVUE (Kenvue) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | -3.0% | -6.6% |
| 5-year return | n/a | -19.3% |
| Volatility (ann.) | 27.3% | 20.3% |
| Beta vs S&P 500 | 0.16 | 0.49 |
| Max drawdown (3Y) | -41.2% | -26.4% |
| Market cap | $36.9B | $15.3B |
| P/E (trailing) | 22.6 | 37.7 |
| Dividend yield | 4.32% | 4.63% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | KVUE | MAA |
|---|---|---|
| 2022 | – | -29.7% |
| 2023 | – | -11.1% |
| 2024 | +3.1% | +19.9% |
| 2025 | -15.9% | -6.4% |
| 2026 | +15.2% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and MAA good diversifiers for each other?
Reasonably. At 0.42, KVUE and MAA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KVUE and MAA?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.35 over the last year and n/a over 5 years.
Is MAA a good diversifier for KVUE?
Reasonably. At 0.42, KVUE and MAA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: KVUE correlations · MAA correlations
