KVUE vs QURE: Correlation
How closely do Kenvue (KVUE) and uniQure N.V. (QURE) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and QURE?
On 3 years of weekly data the KVUE/QURE correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.24). The 5-year figure is n/a, and annualized covariance runs at -1415.2 %².
Out of 34 assets tracked against KVUE, QURE lands near the bottom at #33. Their recent paths diverged sharply: over the last 12 months QURE outperformed by 217.7 percentage points (-3.0% for KVUE against +214.7% for QURE). One caveat on sizing: QURE is 7.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QURE: side by side
| KVUE (Kenvue) | QURE (uniQure N.V.) | |
|---|---|---|
| 1-year return | -3.0% | +214.7% |
| 5-year return | n/a | +72.6% |
| Volatility (ann.) | 27.3% | 215.4% |
| Beta vs S&P 500 | 0.16 | 1.70 |
| Max drawdown (3Y) | -41.2% | -87.2% |
| Market cap | $36.9B | $3.4B |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 4.32% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KVUE | QURE |
|---|---|---|
| 2022 | – | +9.3% |
| 2023 | – | -70.1% |
| 2024 | +3.1% | +160.9% |
| 2025 | -15.9% | +35.5% |
| 2026 | +15.2% | +107.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and QURE good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between KVUE and QURE?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.46 over the last year and n/a over 5 years.
Is QURE a good diversifier for KVUE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/kvue-vs-qure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kvue-vs-qure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KVUE correlations · QURE correlations
