KVUE vs SHFS: Correlation
Measured on weekly returns over the past three years, Kenvue (KVUE) and SHF Holdings, Inc. (SHFS) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and SHFS?
Across a 3-year window, the weekly returns of KVUE and SHFS correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.17 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -681.1 %².
Within KVUE's tracked universe of 34 assets, SHFS comes in at #23 by 3-year correlation. The last year tells two different stories: KVUE led by 89.9 percentage points, -3.0% for KVUE against -92.9% for SHFS. One caveat on sizing: SHFS is 5.5 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 SHFS: side by side
| KVUE (Kenvue) | SHFS (SHF Holdings, Inc.) | |
|---|---|---|
| 1-year return | -3.0% | -92.9% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 27.3% | 150.8% |
| Beta vs S&P 500 | 0.16 | 1.27 |
| Max drawdown (3Y) | -41.2% | -99.4% |
| Market cap | $36.9B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 4.32% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KVUE | SHFS |
|---|---|---|
| 2022 | – | -82.4% |
| 2023 | – | -20.0% |
| 2024 | +3.1% | -68.3% |
| 2025 | -15.9% | -88.2% |
| 2026 | +15.2% | -84.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and SHFS good diversifiers for each other?
Yes. With a correlation of -0.17, KVUE and SHFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KVUE and SHFS?
The KVUE/SHFS correlation stands at -0.17 on a 3-year window (1 year: -0.46, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHFS a good diversifier for KVUE?
Yes. With a correlation of -0.17, KVUE and SHFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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-shfs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kvue-vs-shfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KVUE correlations · SHFS correlations
