JELD vs KELYA: Correlation
JELD-WEN Holding, Inc. (JELD) and Kelly Services, Inc. (KELYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and KELYA?
Across a 3-year window, the weekly returns of JELD and KELYA correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 1607.8 %².
By 3-year correlation, KELYA places #5 of the 16 assets tracked against JELD. Correlation aside, the last 12 months split them widely, with KELYA ahead by 87.9 points (-63.7% versus +24.2%). Note the risk asymmetry: JELD runs 2.2 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.
JELD vs KELYA: side by side
| JELD (JELD-WEN Holding, Inc.) | KELYA (Kelly Services, Inc.) | |
|---|---|---|
| 1-year return | -63.7% | +24.2% |
| 5-year return | -92.5% | -5.4% |
| Volatility (ann.) | 80.7% | 37.3% |
| Beta vs S&P 500 | 2.01 | 0.73 |
| Max drawdown (3Y) | -95.5% | -66.5% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JELD | KELYA |
|---|---|---|
| 2022 | -63.4% | +2.3% |
| 2023 | +95.6% | +30.0% |
| 2024 | -56.6% | -34.5% |
| 2025 | -70.0% | -35.2% |
| 2026 | -11.4% | +98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JELD and KELYA good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JELD and KELYA?
The JELD/KELYA correlation stands at 0.53 on a 3-year window (1 year: 0.54, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is KELYA a good diversifier for JELD?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/jeld-vs-kelya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jeld-vs-kelya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JELD correlations · KELYA correlations
