KFRC vs QH: Correlation
Kforce, Inc. (KFRC) and Quhuo Limited - Class A (QH) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFRC and QH?
Across a 3-year window, the weekly returns of KFRC and QH correlate at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.53 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 30307.2 %².
Among the 13 assets we track against KFRC, QH ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KFRC ahead by 94.2 points (+86.1% versus -8.1%). One caveat on sizing: QH is 32.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QH: side by side
| KFRC (Kforce, Inc.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | +86.1% | -8.1% |
| 5-year return | +15.1% | -100.0% |
| Volatility (ann.) | 42.4% | 1360.1% |
| Beta vs S&P 500 | 0.68 | 5.77 |
| Max drawdown (3Y) | -64.7% | -100.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 2.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFRC | QH |
|---|---|---|
| 2022 | -25.7% | -98.9% |
| 2023 | +26.1% | +22.5% |
| 2024 | -14.0% | -0.7% |
| 2025 | -43.1% | -99.2% |
| 2026 | +91.6% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and QH good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KFRC and QH?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.65 over the last year and 0.45 over 5 years.
Is QH a good diversifier for KFRC?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/kfrc-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kfrc-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KFRC correlations · QH correlations
