KELYA vs KELYB: Correlation
Kelly Services, Inc. (KELYA) and Kelly Services, Inc. (KELYB) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYA and KELYB?
Across a 3-year window, the weekly returns of KELYA and KELYB correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 945.3 %².
By 3-year correlation, KELYB places #10 of the 20 assets tracked against KELYA. Their recent paths diverged sharply: over the last 12 months KELYB outperformed by 38.6 percentage points (+24.2% for KELYA against +62.8% for KELYB). Note the risk asymmetry: KELYB runs 1.6 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.
KELYA vs KELYB: side by side
| KELYA (Kelly Services, Inc.) | KELYB (Kelly Services, Inc.) | |
|---|---|---|
| 1-year return | +24.2% | +62.8% |
| 5-year return | -5.4% | +26.3% |
| Volatility (ann.) | 37.3% | 60.8% |
| Beta vs S&P 500 | 0.73 | 0.40 |
| Max drawdown (3Y) | -66.5% | -66.9% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 1.77% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYA | KELYB |
|---|---|---|
| 2022 | +2.3% | +3.1% |
| 2023 | +30.0% | +27.5% |
| 2024 | -34.5% | -34.7% |
| 2025 | -35.2% | -35.9% |
| 2026 | +98.2% | +170.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and KELYB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KELYA and KELYB?
As of 2026-08-27, the correlation of weekly returns between KELYA and KELYB is 0.42 over 3 years, 0.42 over 1 year and 0.53 over 5 years.
Is KELYB a good diversifier for KELYA?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/kelya-vs-kelyb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kelya-vs-kelyb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KELYA correlations · KELYB correlations
