JOE vs QH: Correlation
St. Joe Company (The) (JOE) and Quhuo Limited - Class A (QH) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOE and QH?
On 3 years of weekly data the JOE/QH correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.26). The 5-year figure is -0.17, and annualized covariance runs at -10120.7 %².
QH is close to the least connected end of JOE's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months JOE outperformed by 43.2 percentage points (+35.1% for JOE against -8.1% for QH). Note the risk asymmetry: QH runs 48.2 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.
JOE vs QH: side by side
| JOE (St. Joe Company (The)) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | +35.1% | -8.1% |
| 5-year return | +53.5% | -100.0% |
| Volatility (ann.) | 28.2% | 1360.1% |
| Beta vs S&P 500 | 0.84 | 5.77 |
| Max drawdown (3Y) | -35.4% | -100.0% |
| Market cap | $3.9B | – |
| P/E (trailing) | 32.5 | – |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOE | QH |
|---|---|---|
| 2022 | -25.1% | -98.9% |
| 2023 | +57.1% | +22.5% |
| 2024 | -24.6% | -0.7% |
| 2025 | +33.7% | -99.2% |
| 2026 | +15.2% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOE and QH good diversifiers for each other?
Yes. With a correlation of -0.26, JOE and QH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JOE and QH?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.46 over the last year and -0.17 over 5 years.
Is QH a good diversifier for JOE?
Yes. With a correlation of -0.26, JOE and QH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/joe-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/joe-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOE correlations · QH correlations
