AHRT vs QRHC: Correlation
Measured on weekly returns over the past three years, AH Realty Trust, Inc. (AHRT) and Quest Resource Holding Corporation (QRHC) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHRT and QRHC?
Across a 3-year window, the weekly returns of AHRT and QRHC correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.38 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 570.1 %².
QRHC is close to the least connected end of AHRT's tracked universe, ranking #9 of 13. Their recent paths diverged sharply: over the last 12 months AHRT outperformed by 17.7 percentage points (+0.5% for AHRT against -17.2% for QRHC). One caveat on sizing: QRHC is 2.0 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.
AHRT vs QRHC: side by side
| AHRT (AH Realty Trust, Inc.) | QRHC (Quest Resource Holding Corporation) | |
|---|---|---|
| 1-year return | +0.5% | -17.2% |
| 5-year return | -29.6% | -78.2% |
| Volatility (ann.) | 27.4% | 54.2% |
| Beta vs S&P 500 | 0.82 | 1.21 |
| Max drawdown (3Y) | -52.0% | -91.9% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHRT | QRHC |
|---|---|---|
| 2022 | -19.9% | -12.0% |
| 2023 | +15.0% | +20.0% |
| 2024 | -10.8% | -11.3% |
| 2025 | -30.0% | -71.4% |
| 2026 | +4.9% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHRT and QRHC good diversifiers for each other?
Reasonably. At 0.38, AHRT and QRHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AHRT and QRHC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.22 over the last year and 0.27 over 5 years.
Is QRHC a good diversifier for AHRT?
Reasonably. At 0.38, AHRT and QRHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ahrt-vs-qrhc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ahrt-vs-qrhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AHRT correlations · QRHC correlations
