COCO vs QH: Correlation
Measured on weekly returns over the past three years, The Vita Coco Company, Inc. (COCO) and Quhuo Limited - Class A (QH) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COCO and QH?
On 3 years of weekly data the COCO/QH correlation comes out at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.39 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 25643.9 %².
Within COCO's tracked universe of 10 assets, QH comes in at #5 by 3-year correlation. The last year tells two different stories: COCO led by 86.0 percentage points, +77.9% for COCO against -8.1% for QH. One caveat on sizing: QH is 28.2 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.
COCO vs QH: side by side
| COCO (The Vita Coco Company, Inc.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | +77.9% | -8.1% |
| 5-year return | +355.8% | -100.0% |
| Volatility (ann.) | 48.3% | 1360.1% |
| Beta vs S&P 500 | 1.00 | 5.77 |
| Max drawdown (3Y) | -38.5% | -100.0% |
| Market cap | $3.6B | – |
| P/E (trailing) | 34.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COCO | QH |
|---|---|---|
| 2022 | +23.7% | -98.9% |
| 2023 | +85.6% | +22.5% |
| 2024 | +43.9% | -0.7% |
| 2025 | +43.6% | -99.2% |
| 2026 | +16.3% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COCO and QH good diversifiers for each other?
Reasonably. At 0.39, COCO and QH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COCO and QH?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.58 over the last year and 0.29 over 5 years.
Is QH a good diversifier for COCO?
Reasonably. At 0.39, COCO and QH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/coco-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coco-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COCO correlations · QH correlations
