MRNA vs. KR

Last updated Jun 13, 2026

MRNA (Moderna, Inc.) and KR (The Kroger Co.) are both stocks. MRNA operates in Biotechnology (Healthcare), while KR operates in Grocery Stores (Consumer Defensive). Over the past 5 years, MRNA returned -25.59%/yr vs 13.21%/yr for KR. At a 0.04 correlation, their price movements are largely independent.

Performance

MRNA vs. KR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Moderna, Inc. (MRNA) and The Kroger Co. (KR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRNA achieves a 69.24% return, which is significantly higher than KR's 4.64% return.

MRNA

• 1D: 0.54%
• 1M: 1.77%
• YTD: 69.24%
• 6M: 69.42%
• 1Y: 87.14%
• 3Y*: -26.94%
• 5Y*: -25.59%
• 10Y*: —

KR

• 1D: 0.92%
• 1M: -1.98%
• YTD: 4.64%
• 6M: 3.46%
• 1Y: 0.76%
• 3Y*: 13.84%
• 5Y*: 13.21%
• 10Y*: 8.32%

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

MRNA vs. KR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRNA Moderna, Inc.	69.24%	-29.08%	-58.19%	-44.63%	-29.28%	143.11%	434.10%	28.09%	-30.59%
KR The Kroger Co.	4.64%	4.25%	36.91%	4.99%	0.44%	45.41%	11.90%	7.90%	-6.97%

Correlation

The correlation between MRNA and KR is -0.22, 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	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018	0.04

The correlation between MRNA and KR shifts across timeframes, from -0.22 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS MRNA : -$8.16 KR : $1.20
PS Ratio MRNA : 8.78 KR : 0.29
Total Revenue (TTM) MRNA : $2.23B KR : $147.23B
Gross Profit (TTM) MRNA : -$309.00M KR : $33.42B
EBITDA (TTM) MRNA : -$3.02B KR : $5.29B

Return for Risk

MRNA vs. KR — Risk / Return Rank

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

MRNA

MRNA Risk / Return Rank: 78
MRNA Sharpe Ratio Rank: 80
MRNA Sortino Ratio Rank: 79
MRNA Omega Ratio Rank: 75
MRNA Calmar Ratio Rank: 79
MRNA Martin Ratio Rank: 76

KR

KR Risk / Return Rank: 42
KR Sharpe Ratio Rank: 45
KR Sortino Ratio Rank: 39
KR Omega Ratio Rank: 38
KR Calmar Ratio Rank: 44
KR Martin Ratio Rank: 44

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.

MRNA vs. KR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moderna, Inc. (MRNA) and The Kroger Co. (KR). 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.

	MRNA	KR	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.06	+1.23
Sortino ratio: Return per unit of downside risk	2.13	0.29	+1.83
Omega ratio: Gain probability vs. loss probability	1.24	1.03	+0.21
Calmar ratio: Return relative to maximum drawdown	2.34	0.08	+2.26
Martin ratio: Return relative to average drawdown	4.59	0.15	+4.43

MRNA vs. KR - Sharpe Ratio Comparison

The current MRNA Sharpe Ratio is 1.28, which is higher than the KR Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of MRNA and KR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRNA vs. KR - Drawdown Comparison

The maximum MRNA drawdown since its inception was -95.38%, which is greater than KR's maximum drawdown of -66.81%. Use the drawdown chart below to compare losses from any high point for MRNA and KR.

Drawdown Indicators

	MRNA	KR	Difference
Max Drawdown Largest peak-to-trough decline	-95.38%	-66.81%	-28.57%
Max Drawdown (1Y) Largest decline over 1 year	-35.51%	-19.44%	-16.07%
Max Drawdown (3Y) Largest decline over 3 years	-86.58%	-19.44%	-67.14%
Max Drawdown (5Y) Largest decline over 5 years	-95.38%	-31.07%	-64.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.25%	—
Current Drawdown Current decline from peak	-89.70%	-13.95%	-75.75%
Average Drawdown Average peak-to-trough decline	-57.06%	-22.44%	-34.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.06%	10.13%	+7.93%

Volatility

MRNA vs. KR - Volatility Comparison

Moderna, Inc. (MRNA) has a higher volatility of 17.56% compared to The Kroger Co. (KR) at 9.04%. This indicates that MRNA's price experiences larger fluctuations and is considered to be riskier than KR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRNA	KR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	9.04%	+8.52%
Volatility (6M) Calculated over the trailing 6-month period	48.82%	20.04%	+28.78%
Volatility (1Y) Calculated over the trailing 1-year period	64.75%	27.54%	+37.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.49%	26.85%	+39.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.15%	28.94%	+43.21%

Dividends

MRNA vs. KR - Dividend Comparison

MRNA has not paid dividends to shareholders, while KR's dividend yield for the trailing twelve months is around 2.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KR The Kroger Co.	2.16%	2.14%	2.00%	2.41%	2.11%	1.72%	2.14%	2.07%	1.93%	1.79%	1.30%	0.94%
MRNA Moderna, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MRNA and KR in my portfolio?

MRNA and KR have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRNA or KR?

MRNA has higher volatility (17.56%) compared to KR (9.04%). In terms of maximum drawdown, MRNA dropped -95.38% vs KR's -66.81%.

Which has better risk-adjusted returns?

MRNA currently has the higher Sharpe Ratio (1.28 vs 0.06), 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.