KELYA vs RXO: Correlation
How closely do Kelly Services, Inc. (KELYA) and RXO, Inc. (RXO) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYA and RXO?
On 3 years of weekly data the KELYA/RXO correlation comes out at 0.54, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.54 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 1216.2 %².
By 3-year correlation, RXO places #4 of the 20 assets tracked against KELYA. On 12-month performance RXO holds a 13.1-point edge, +24.2% against +37.3%. Risk is not evenly split, since RXO carries 1.6 times the volatility of the other side.
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 RXO: side by side
| KELYA (Kelly Services, Inc.) | RXO (RXO, Inc.) | |
|---|---|---|
| 1-year return | +24.2% | +37.3% |
| 5-year return | -5.4% | n/a |
| Volatility (ann.) | 37.3% | 60.7% |
| Beta vs S&P 500 | 0.73 | 1.66 |
| Max drawdown (3Y) | -66.5% | -67.1% |
| Market cap | $0.6B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYA | RXO |
|---|---|---|
| 2022 | +2.3% | – |
| 2023 | +30.0% | +35.2% |
| 2024 | -34.5% | +2.5% |
| 2025 | -35.2% | -47.0% |
| 2026 | +98.2% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and RXO good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KELYA and RXO?
As of 2026-08-27, the correlation of weekly returns between KELYA and RXO is 0.54 over 3 years, 0.67 over 1 year and 0.49 over 5 years.
Is RXO a good diversifier for KELYA?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-rxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kelya-vs-rxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KELYA correlations · RXO correlations
