KFRC vs MUSA: Correlation
Measured on weekly returns over the past three years, Kforce, Inc. (KFRC) and Murphy USA Inc. (MUSA) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFRC and MUSA?
On 3 years of weekly data the KFRC/MUSA correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.25 over 1 year against 0.30 over 3. The 5-year figure is 0.31, and annualized covariance runs at 428.2 %².
Within KFRC's tracked universe of 13 assets, MUSA comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KFRC outperformed by 50.8 percentage points (+86.1% for KFRC against +35.3% for MUSA).
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 MUSA: side by side
| KFRC (Kforce, Inc.) | MUSA (Murphy USA Inc.) | |
|---|---|---|
| 1-year return | +86.1% | +35.3% |
| 5-year return | +15.1% | +234.8% |
| Volatility (ann.) | 42.4% | 33.7% |
| Beta vs S&P 500 | 0.68 | 0.06 |
| Max drawdown (3Y) | -64.7% | -35.5% |
| Market cap | $1.0B | $9.4B |
| P/E (trailing) | 26.9 | 16.3 |
| Dividend yield | 2.77% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFRC | MUSA |
|---|---|---|
| 2022 | -25.7% | +41.0% |
| 2023 | +26.1% | +28.2% |
| 2024 | -14.0% | +41.3% |
| 2025 | -43.1% | -19.1% |
| 2026 | +91.6% | +26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and MUSA good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KFRC and MUSA?
The KFRC/MUSA correlation stands at 0.30 on a 3-year window (1 year: 0.25, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is MUSA a good diversifier for KFRC?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kfrc-vs-musa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kfrc-vs-musa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KFRC correlations · MUSA correlations
