KELYA vs MAN: Correlation
Kelly Services, Inc. (KELYA) and ManpowerGroup (MAN) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYA and MAN?
Over the past 3 years, KELYA and MAN moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 963.0 %².
MAN is one of the assets that tracks KELYA most closely: it ranks #1 out of the 20 assets we track against KELYA. The last year tells two different stories: MAN led by 31.9 percentage points, +24.2% for KELYA against +56.1% for MAN.
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 MAN: side by side
| KELYA (Kelly Services, Inc.) | MAN (ManpowerGroup) | |
|---|---|---|
| 1-year return | +24.2% | +56.1% |
| 5-year return | -5.4% | -37.6% |
| Volatility (ann.) | 37.3% | 44.3% |
| Beta vs S&P 500 | 0.73 | 0.79 |
| Max drawdown (3Y) | -66.5% | -64.7% |
| Market cap | $0.6B | $2.9B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 1.77% | 2.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYA | MAN |
|---|---|---|
| 2022 | +2.3% | -11.8% |
| 2023 | +30.0% | -0.6% |
| 2024 | -34.5% | -24.0% |
| 2025 | -35.2% | -46.2% |
| 2026 | +98.2% | +114.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and MAN good diversifiers for each other?
Only partially. A correlation of 0.58 means KELYA and MAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KELYA and MAN?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.66 over the last year and 0.55 over 5 years.
Is MAN a good diversifier for KELYA?
Only partially. A correlation of 0.58 means KELYA and MAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/kelya-vs-man.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kelya-vs-man/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KELYA correlations · MAN correlations
