KFY vs MAN: Correlation
Korn Ferry (KFY) and ManpowerGroup (MAN) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFY and MAN?
Over the past 3 years, KFY and MAN moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 727.0 %².
Few assets follow KFY as closely as MAN, which ranks #3 of 22 tracked partners. Correlation aside, the last 12 months split them widely, with MAN ahead by 39.9 points (+16.2% versus +56.1%). Note the risk asymmetry: MAN runs 1.7 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.
KFY vs MAN: side by side
| KFY (Korn Ferry) | MAN (ManpowerGroup) | |
|---|---|---|
| 1-year return | +16.2% | +56.1% |
| 5-year return | +30.5% | -37.6% |
| Volatility (ann.) | 26.3% | 44.3% |
| Beta vs S&P 500 | 0.89 | 0.79 |
| Max drawdown (3Y) | -24.1% | -64.7% |
| Market cap | $4.3B | $2.9B |
| P/E (trailing) | 16.1 | 27.9 |
| Dividend yield | 2.37% | 2.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFY | MAN |
|---|---|---|
| 2022 | -32.4% | -11.8% |
| 2023 | +19.1% | -0.6% |
| 2024 | +16.1% | -24.0% |
| 2025 | +0.6% | -46.2% |
| 2026 | +30.4% | +114.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFY and MAN good diversifiers for each other?
To a limited degree. At 0.62 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 KFY and MAN?
As of 2026-08-27, the correlation of weekly returns between KFY and MAN is 0.62 over 3 years, 0.71 over 1 year and 0.57 over 5 years.
Is MAN a good diversifier for KFY?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kfy-vs-man.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kfy-vs-man/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KFY correlations · MAN correlations
