KFRC vs XRX: Correlation
How closely do Kforce, Inc. (KFRC) and Xerox Holdings Corporation (XRX) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFRC and XRX?
Over the past 3 years, KFRC and XRX moved with a correlation of 0.56, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.56 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1850.4 %².
Few assets follow KFRC as closely as XRX, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months KFRC outperformed by 106.1 percentage points (+86.1% for KFRC against -20.0% for XRX). Note the risk asymmetry: XRX runs 1.8 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 XRX: side by side
| KFRC (Kforce, Inc.) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | +86.1% | -20.0% |
| 5-year return | +15.1% | -81.9% |
| Volatility (ann.) | 42.4% | 77.4% |
| Beta vs S&P 500 | 0.68 | 2.12 |
| Max drawdown (3Y) | -64.7% | -92.7% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 2.77% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFRC | XRX |
|---|---|---|
| 2022 | -25.7% | -31.3% |
| 2023 | +26.1% | +33.8% |
| 2024 | -14.0% | -49.8% |
| 2025 | -43.1% | -70.6% |
| 2026 | +91.6% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFRC and XRX good diversifiers for each other?
To a limited degree. At 0.56 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 XRX?
The KFRC/XRX correlation stands at 0.56 on a 3-year window (1 year: 0.67, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is XRX a good diversifier for KFRC?
To a limited degree. At 0.56 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 0.56 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.
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Related comparisons
Hubs: KFRC correlations · XRX correlations
