KFRC vs QQQ: Correlation
Measured on weekly returns over the past three years, Kforce, Inc. (KFRC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFRC and QQQ?
Over the past 3 years, KFRC and QQQ moved with a correlation of 0.16, which is weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.16). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 131.6 %².
Among the 13 assets we track against KFRC, QQQ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: KFRC led by 59.8 percentage points, +86.1% for KFRC against +26.3% for QQQ. Note the risk asymmetry: KFRC runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QQQ: side by side
| KFRC (Kforce, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +86.1% | +26.3% |
| 5-year return | +15.1% | +95.4% |
| Volatility (ann.) | 42.4% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -64.7% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 2.77% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | KFRC | QQQ |
|---|---|---|
| 2022 | -25.7% | -32.6% |
| 2023 | +26.1% | +54.9% |
| 2024 | -14.0% | +25.6% |
| 2025 | -43.1% | +20.8% |
| 2026 | +91.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between KFRC and QQQ?
As of 2026-08-27, the correlation of weekly returns between KFRC and QQQ is 0.16 over 3 years, 0.01 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for KFRC?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KFRC correlations · QQQ correlations
