KVUE vs PPL: Correlation
How closely do Kenvue (KVUE) and PPL Corporation (PPL) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and PPL?
Across a 3-year window, the weekly returns of KVUE and PPL correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 174.5 %².
By 3-year correlation, PPL places #14 of the 34 assets tracked against KVUE. Twelve-month performance is nearly a tie, at -3.0% for KVUE and -3.0% for PPL. The rolling one-year correlation moved between 0.24 and 0.58 over the past three years, a moderate range. Risk is not evenly split, since KVUE carries 1.6 times the volatility of the other side.
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 PPL: side by side
| KVUE (Kenvue) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | -3.0% | -3.0% |
| 5-year return | n/a | +41.1% |
| Volatility (ann.) | 27.3% | 17.4% |
| Beta vs S&P 500 | 0.16 | 0.13 |
| Max drawdown (3Y) | -41.2% | -13.3% |
| Market cap | $36.9B | $25.9B |
| P/E (trailing) | 22.6 | 20.7 |
| Dividend yield | 4.32% | 3.18% |
| Sector / category | Consumer Staples | Utilities |
Year-by-year returns
| Year | KVUE | PPL |
|---|---|---|
| 2022 | – | +0.4% |
| 2023 | – | -3.8% |
| 2024 | +3.1% | +24.0% |
| 2025 | -15.9% | +11.4% |
| 2026 | +15.2% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and PPL good diversifiers for each other?
Reasonably. At 0.37, KVUE and PPL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KVUE and PPL?
As of 2026-08-27, the correlation of weekly returns between KVUE and PPL is 0.37 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is PPL a good diversifier for KVUE?
Reasonably. At 0.37, KVUE and PPL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/kvue-vs-ppl.json
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Related comparisons
Hubs: KVUE correlations · PPL correlations
