KELYA vs LILAK: Correlation
Measured on weekly returns over the past three years, Kelly Services, Inc. (KELYA) and Liberty Latin America Ltd. (LILAK) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYA and LILAK?
On 3 years of weekly data the KELYA/LILAK correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 878.6 %².
By 3-year correlation, LILAK places #7 of the 20 assets tracked against KELYA. Correlation aside, the last 12 months split them widely, with LILAK ahead by 23.9 points (+24.2% versus +48.1%).
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 LILAK: side by side
| KELYA (Kelly Services, Inc.) | LILAK (Liberty Latin America Ltd.) | |
|---|---|---|
| 1-year return | +24.2% | +48.1% |
| 5-year return | -5.4% | -15.2% |
| Volatility (ann.) | 37.3% | 49.7% |
| Beta vs S&P 500 | 0.73 | 0.52 |
| Max drawdown (3Y) | -66.5% | -57.2% |
| Market cap | $0.6B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYA | LILAK |
|---|---|---|
| 2022 | +2.3% | -33.3% |
| 2023 | +30.0% | -3.4% |
| 2024 | -34.5% | -13.6% |
| 2025 | -35.2% | +17.7% |
| 2026 | +98.2% | +63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and LILAK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KELYA and LILAK?
The KELYA/LILAK correlation stands at 0.47 on a 3-year window (1 year: 0.42, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is LILAK a good diversifier for KELYA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KELYA correlations · LILAK correlations
