KFRC vs SPSC: Correlation
How closely do Kforce, Inc. (KFRC) and SPS Commerce, Inc. (SPSC) 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 KFRC and SPSC?
Across a 3-year window, the weekly returns of KFRC and SPSC correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 1011.3 %².
Among the 13 assets we track against KFRC, SPSC ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KFRC outperformed by 111.5 percentage points (+86.1% for KFRC against -25.4% for SPSC).
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 SPSC: side by side
| KFRC (Kforce, Inc.) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | +86.1% | -25.4% |
| 5-year return | +15.1% | -38.6% |
| Volatility (ann.) | 42.4% | 44.2% |
| Beta vs S&P 500 | 0.68 | 1.10 |
| Max drawdown (3Y) | -64.7% | -76.8% |
| Market cap | $1.0B | $3.0B |
| P/E (trailing) | 26.9 | 40.5 |
| Dividend yield | 2.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFRC | SPSC |
|---|---|---|
| 2022 | -25.7% | -9.8% |
| 2023 | +26.1% | +50.9% |
| 2024 | -14.0% | -5.1% |
| 2025 | -43.1% | -51.6% |
| 2026 | +91.6% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and SPSC good diversifiers for each other?
Only partially. A correlation of 0.54 means KFRC and SPSC 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 SPSC?
The KFRC/SPSC correlation stands at 0.54 on a 3-year window (1 year: 0.54, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SPSC a good diversifier for KFRC?
Only partially. A correlation of 0.54 means KFRC and SPSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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.
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Related comparisons
Hubs: KFRC correlations · SPSC correlations
