CLX vs QH: Correlation
Measured on weekly returns over the past three years, Clorox (CLX) and Quhuo Limited - Class A (QH) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and QH?
Over the past 3 years, CLX and QH moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.28 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -9197.5 %².
Out of 32 assets tracked against CLX, QH lands near the bottom at #31. Their 12-month results are close: -8.8% for CLX against -8.1% for QH. Note the risk asymmetry: QH runs 55.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLX vs QH: side by side
| CLX (Clorox) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -8.8% | -8.1% |
| 5-year return | -26.0% | -100.0% |
| Volatility (ann.) | 24.4% | 1360.1% |
| Beta vs S&P 500 | 0.39 | 5.77 |
| Max drawdown (3Y) | -46.1% | -100.0% |
| Market cap | $12.5B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.77% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CLX | QH |
|---|---|---|
| 2022 | -17.0% | -98.9% |
| 2023 | +5.0% | +22.5% |
| 2024 | +17.7% | -0.7% |
| 2025 | -35.6% | -99.2% |
| 2026 | +6.5% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and QH good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLX and QH?
The CLX/QH correlation stands at -0.28 on a 3-year window (1 year: -0.41, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is QH a good diversifier for CLX?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clx-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clx-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLX correlations · QH correlations
