KELYA vs MQ: Correlation
Measured on weekly returns over the past three years, Kelly Services, Inc. (KELYA) and Marqeta, Inc. (MQ) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYA and MQ?
Over the past 3 years, KELYA and MQ moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 677.1 %².
Among the 20 assets we track against KELYA, MQ ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KELYA outperformed by 59.6 percentage points (+24.2% for KELYA against -35.4% for MQ).
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 MQ: side by side
| KELYA (Kelly Services, Inc.) | MQ (Marqeta, Inc.) | |
|---|---|---|
| 1-year return | +24.2% | -35.4% |
| 5-year return | -5.4% | -85.0% |
| Volatility (ann.) | 37.3% | 43.5% |
| Beta vs S&P 500 | 0.73 | 0.49 |
| Max drawdown (3Y) | -66.5% | -53.3% |
| Market cap | $0.6B | $1.7B |
| P/E (trailing) | – | 180.1 |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYA | MQ |
|---|---|---|
| 2022 | +2.3% | -64.4% |
| 2023 | +30.0% | +14.2% |
| 2024 | -34.5% | -45.7% |
| 2025 | -35.2% | +25.3% |
| 2026 | +98.2% | -14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and MQ good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KELYA and MQ?
As of 2026-08-27, the correlation of weekly returns between KELYA and MQ is 0.42 over 3 years, 0.31 over 1 year and 0.30 over 5 years.
Is MQ a good diversifier for KELYA?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/kelya-vs-mq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kelya-vs-mq/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KELYA correlations · MQ correlations
