KFRC vs MAN: Correlation
How closely do Kforce, Inc. (KFRC) and ManpowerGroup (MAN) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFRC and MAN?
On 3 years of weekly data the KFRC/MAN correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 992.9 %².
Within KFRC's tracked universe of 13 assets, MAN comes in at #5 by 3-year correlation. The last year tells two different stories: KFRC led by 30.0 percentage points, +86.1% for KFRC 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.
KFRC vs MAN: side by side
| KFRC (Kforce, Inc.) | MAN (ManpowerGroup) | |
|---|---|---|
| 1-year return | +86.1% | +56.1% |
| 5-year return | +15.1% | -37.6% |
| Volatility (ann.) | 42.4% | 44.3% |
| Beta vs S&P 500 | 0.68 | 0.79 |
| Max drawdown (3Y) | -64.7% | -64.7% |
| Market cap | $1.0B | $2.9B |
| P/E (trailing) | 26.9 | 27.9 |
| Dividend yield | 2.77% | 2.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFRC | MAN |
|---|---|---|
| 2022 | -25.7% | -11.8% |
| 2023 | +26.1% | -0.6% |
| 2024 | -14.0% | -24.0% |
| 2025 | -43.1% | -46.2% |
| 2026 | +91.6% | +114.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and MAN good diversifiers for each other?
Only partially. A correlation of 0.53 means KFRC 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 KFRC and MAN?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.47 over the last year and 0.51 over 5 years.
Is MAN a good diversifier for KFRC?
Only partially. A correlation of 0.53 means KFRC 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 0.53 mean?
On the −1 to +1 scale, 0.53 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/kfrc-vs-man.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kfrc-vs-man/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KFRC correlations · MAN correlations
