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KR vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KR vs. SPY

Last updated Jun 24, 2026

KR (The Kroger Co.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, KR returned 7.15%/yr vs 15.53%/yr for SPY. At a 0.31 correlation, their price movements are largely independent.

Performance

KR vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Kroger Co. (KR) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KR achieves a -7.75% return, which is significantly lower than SPY's 8.15% return. Over the past 10 years, KR has underperformed SPY with an annualized return of 7.15%, while SPY has yielded a comparatively higher 15.53% annualized return.

KR

1D
2.31%
1M
-15.17%
YTD
-7.75%
6M
-7.48%
1Y
-21.30%
3Y*
9.72%
5Y*
10.14%
10Y*
7.15%

SPY

1D
-1.45%
1M
-1.36%
YTD
8.15%
6M
7.20%
1Y
23.59%
3Y*
20.68%
5Y*
13.05%
10Y*
15.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KR vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KR
The Kroger Co.		-7.75%4.25%36.91%4.99%0.44%45.41%11.90%7.90%2.08%-18.97%
SPY
State Street SPDR S&P 500 ETF		8.15%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between KR and SPY is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.33

Correlation (3Y)
Calculated over the trailing 3-year period

-0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jan 29, 1993

0.31

The correlation between KR and SPY shifts across timeframes, from -0.33 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

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The Kroger Co.

State Street SPDR S&P 500 ETF

Often compared with KR:
KR vs. WMTKR vs. ACIKR vs. VOOKR vs. TGTKR vs. GISKR vs. SCHDKR vs. MGV
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

KR vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KR
KR Risk / Return Rank: 99
Overall Rank
KR Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KR Sortino Ratio Rank: 1212
Sortino Ratio Rank
KR Omega Ratio Rank: 1313
Omega Ratio Rank
KR Calmar Ratio Rank: 1010
Calmar Ratio Rank
KR Martin Ratio Rank: 11
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 5959
Overall Rank
SPY Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 5656
Sortino Ratio Rank
SPY Omega Ratio Rank: 5757
Omega Ratio Rank
SPY Calmar Ratio Rank: 5656
Calmar Ratio Rank
SPY Martin Ratio Rank: 6767
Martin Ratio Rank
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.

KR vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Kroger Co. (KR) and State Street SPDR S&P 500 ETF (SPY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

KRSPYDifference
Sharpe ratioReturn per unit of total volatility
-0.78
1.90

-2.68

Sortino ratioReturn per unit of downside risk
-1.00
2.58

-3.58

Omega ratioGain probability vs. loss probability

0.88

1.34

-0.46

Calmar ratioReturn relative to maximum drawdown

-0.83

2.67

-3.49

Martin ratioReturn relative to average drawdown

-2.01

11.92

-13.93

KR vs. SPY - Sharpe Ratio Comparison

The current KR Sharpe Ratio is -0.78, which is lower than the SPY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of KR and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KR vs. SPY - Drawdown Comparison

The maximum KR drawdown since its inception was -66.81%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KR and SPY.

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Drawdown Indicators

KRSPYDifference

Max Drawdown

Largest peak-to-trough decline

-66.81%

-55.19%

-11.62%

Max Drawdown (1Y)

Largest decline over 1 year

-25.85%

-8.88%

-16.97%

Max Drawdown (3Y)

Largest decline over 3 years

-25.85%

-18.76%

-7.09%

Max Drawdown (5Y)

Largest decline over 5 years

-31.07%

-24.50%

-6.57%

Max Drawdown (10Y)

Largest decline over 10 years

-46.25%

-33.72%

-12.53%

Current Drawdown

Current decline from peak

-24.14%

-3.17%

-20.97%

Average Drawdown

Average peak-to-trough decline

-22.44%

-9.04%

-13.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.63%

1.98%

+8.65%

Volatility

KR vs. SPY - Volatility Comparison

The Kroger Co. (KR) has a higher volatility of 11.60% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that KR's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KRSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.60%

4.87%

+6.73%

Volatility (6M)

Calculated over the trailing 6-month period

22.03%

9.85%

+12.18%

Volatility (1Y)

Calculated over the trailing 1-year period

27.41%

12.50%

+14.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.11%

17.15%

+9.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.10%

17.95%

+11.15%

Dividends

KR vs. SPY - Dividend Comparison

KR's dividend yield for the trailing twelve months is around 2.45%, more than SPY's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
KR
The Kroger Co.		2.45%2.14%2.00%2.41%2.11%1.72%2.14%2.07%1.93%1.79%1.30%0.94%
SPY
State Street SPDR S&P 500 ETF		1.03%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

KR and SPY have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KR has higher volatility (11.60%) compared to SPY (4.87%). In terms of maximum drawdown, KR dropped -66.81% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (1.90 vs -0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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