K vs. HRL

Last updated Jun 9, 2026

K (Kellogg Company) and HRL (Hormel Foods Corporation) are both stocks. Both operate in the Packaged Foods industry within the Consumer Defensive sector. At a 0.36 correlation, their price movements are largely independent.

Performance

K vs. HRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kellogg Company (K) and Hormel Foods Corporation (HRL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

K

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HRL

• 1D: 0.08%
• 1M: 15.66%
• YTD: 2.45%
• 6M: 1.81%
• 1Y: -19.05%
• 3Y*: -13.32%
• 5Y*: -10.42%
• 10Y*: -1.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

K vs. HRL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
K Kellogg Company	0.00%	5.99%	49.75%	-7.44%	14.35%	7.44%	-6.78%	26.08%	-13.32%	-4.93%
HRL Hormel Foods Corporation	2.45%	-21.27%	1.21%	-27.49%	-4.67%	6.99%	5.38%	7.85%	19.68%	6.72%

Correlation

The correlation between K and HRL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 3, 1990	0.36

The correlation between K and HRL shifts across timeframes, from 0.21 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap K : $29.20B HRL : $13.02B
EPS K : $3.65 HRL : $0.85
PE Ratio K : 22.87 HRL : 27.88
PS Ratio K : 2.30 HRL : 1.07
PB Ratio K : 6.95 HRL : 1.20
Total Revenue (TTM) K : $12.67B HRL : $12.22B
Gross Profit (TTM) K : $4.41B HRL : $1.92B
EBITDA (TTM) K : $2.25B HRL : $868.07M

Return for Risk

K vs. HRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HRL

HRL Risk / Return Rank: 18
HRL Sharpe Ratio Rank: 14
HRL Sortino Ratio Rank: 15
HRL Omega Ratio Rank: 15
HRL Calmar Ratio Rank: 22
HRL Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

K vs. HRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kellogg Company (K) and Hormel Foods Corporation (HRL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	K	HRL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.65	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.37	—

Drawdowns

Drawdown Indicators

	K	HRL	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-34.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-58.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.46%	—
Current Drawdown Current decline from peak	—	-50.26%	—
Average Drawdown Average peak-to-trough decline	—	-11.86%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.78%	—

Volatility

Volatility by Period

	K	HRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	29.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.32%	—

Dividends

K vs. HRL - Dividend Comparison

K has not paid dividends to shareholders, while HRL's dividend yield for the trailing twelve months is around 4.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRL Hormel Foods Corporation	4.93%	4.89%	3.60%	3.43%	2.28%	2.01%	2.00%	1.86%	1.76%	1.87%	1.67%	1.26%
K Kellogg Company	1.39%	2.76%	2.79%	10.56%	3.28%	3.59%	3.66%	3.27%	3.86%	3.12%	2.77%	2.74%

Financials

K vs. HRL - Profitability Comparison

The chart below illustrates the profitability comparison between Kellogg Company and Hormel Foods Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

K - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a gross profit of 1.08B and revenue of 3.26B. Therefore, the gross margin over that period was 33.3%.

HRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported a gross profit of 518.51M and revenue of 2.97B. Therefore, the gross margin over that period was 17.4%.

K - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported an operating income of 452.00M and revenue of 3.26B, resulting in an operating margin of 13.9%.

HRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported an operating income of 217.11M and revenue of 2.97B, resulting in an operating margin of 7.3%.

K - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a net income of 309.00M and revenue of 3.26B, resulting in a net margin of 9.5%.

HRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported a net income of 157.50M and revenue of 2.97B, resulting in a net margin of 5.3%.

Frequently Asked Questions

Can I hold both K and HRL in my portfolio?

K and HRL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.