CHH vs QH: Correlation
How closely do Choice Hotels International, Inc. (CHH) and Quhuo Limited - Class A (QH) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHH and QH?
Over the past 3 years, CHH and QH moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.31). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -11193.1 %².
Among the 10 assets we track against CHH, QH sits near the bottom by co-movement, at rank #10. Neither side won the trailing year by much: -9.0% against -8.1%. One caveat on sizing: QH is 50.7 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.
CHH vs QH: side by side
| CHH (Choice Hotels International, Inc.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -9.0% | -8.1% |
| 5-year return | -5.3% | -100.0% |
| Volatility (ann.) | 26.8% | 1360.1% |
| Beta vs S&P 500 | 0.59 | 5.77 |
| Max drawdown (3Y) | -45.5% | -100.0% |
| Market cap | $4.9B | – |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHH | QH |
|---|---|---|
| 2022 | -27.1% | -98.9% |
| 2023 | +1.6% | +22.5% |
| 2024 | +26.2% | -0.7% |
| 2025 | -32.3% | -99.2% |
| 2026 | +14.9% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHH and QH good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHH and QH?
The CHH/QH correlation stands at -0.31 on a 3-year window (1 year: -0.45, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is QH a good diversifier for CHH?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/chh-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chh-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHH correlations · QH correlations
