GEHC vs QH: Correlation
How closely do GE HealthCare (GEHC) and Quhuo Limited - Class A (QH) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and QH?
On 3 years of weekly data the GEHC/QH correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.19 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -8505.5 %².
Within GEHC's tracked universe of 52 assets, QH comes in at #47 by 3-year correlation. Over the last 12 months GEHC came out ahead by 5.9 percentage points (-2.2% against -8.1%). One caveat on sizing: QH is 42.0 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.
GEHC vs QH: side by side
| GEHC (GE HealthCare) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -2.2% | -8.1% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 32.4% | 1360.1% |
| Beta vs S&P 500 | 1.22 | 5.77 |
| Max drawdown (3Y) | -37.4% | -100.0% |
| Market cap | $32.7B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GEHC | QH |
|---|---|---|
| 2022 | – | -98.9% |
| 2023 | +32.6% | +22.5% |
| 2024 | +1.3% | -0.7% |
| 2025 | +5.1% | -99.2% |
| 2026 | -11.5% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and QH good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEHC and QH?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.34 over the last year and -0.18 over 5 years.
Is QH a good diversifier for GEHC?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gehc-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gehc-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEHC correlations · QH correlations
