HRL vs KELYA: Correlation
Hormel Foods (HRL) and Kelly Services, Inc. (KELYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRL and KELYA?
Across a 3-year window, the weekly returns of HRL and KELYA correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.25, with an annualized covariance of 363.8 %².
Among the 35 assets we track against HRL, KELYA ranks #7 by 3-year correlation. The last year tells two different stories: KELYA led by 47.0 percentage points, -22.8% for HRL against +24.2% for KELYA.
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.
HRL vs KELYA: side by side
| HRL (Hormel Foods) | KELYA (Kelly Services, Inc.) | |
|---|---|---|
| 1-year return | -22.8% | +24.2% |
| 5-year return | -44.3% | -5.4% |
| Volatility (ann.) | 26.1% | 37.3% |
| Beta vs S&P 500 | 0.07 | 0.73 |
| Max drawdown (3Y) | -44.5% | -66.5% |
| Market cap | – | $0.6B |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | HRL | KELYA |
|---|---|---|
| 2022 | -4.7% | +2.3% |
| 2023 | -27.5% | +30.0% |
| 2024 | +1.2% | -34.5% |
| 2025 | -21.3% | -35.2% |
| 2026 | -6.7% | +98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRL and KELYA good diversifiers for each other?
Reasonably. At 0.37, HRL and KELYA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HRL and KELYA?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.47 over the last year and 0.25 over 5 years.
Is KELYA a good diversifier for HRL?
Reasonably. At 0.37, HRL and KELYA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/hrl-vs-kelya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hrl-vs-kelya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HRL correlations · KELYA correlations
