KFRC vs TBI: Correlation
Measured on weekly returns over the past three years, Kforce, Inc. (KFRC) and TrueBlue, Inc. (TBI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFRC and TBI?
On 3 years of weekly data the KFRC/TBI correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1442.3 %².
By 3-year correlation, TBI places #7 of the 13 assets tracked against KFRC. On 12-month performance KFRC holds a 10.5-point edge, +86.1% against +75.6%. Risk is not evenly split, since TBI carries 1.5 times the volatility of the other side.
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 TBI: side by side
| KFRC (Kforce, Inc.) | TBI (TrueBlue, Inc.) | |
|---|---|---|
| 1-year return | +86.1% | +75.6% |
| 5-year return | +15.1% | -60.9% |
| Volatility (ann.) | 42.4% | 65.3% |
| Beta vs S&P 500 | 0.68 | 1.45 |
| Max drawdown (3Y) | -64.7% | -79.2% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 2.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFRC | TBI |
|---|---|---|
| 2022 | -25.7% | -29.2% |
| 2023 | +26.1% | -21.7% |
| 2024 | -14.0% | -45.2% |
| 2025 | -43.1% | -45.8% |
| 2026 | +91.6% | +134.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and TBI good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KFRC and TBI?
The KFRC/TBI correlation stands at 0.52 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is TBI a good diversifier for KFRC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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-tbi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kfrc-vs-tbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KFRC correlations · TBI correlations
