KFY vs SPSC: Correlation
Korn Ferry (KFY) and SPS Commerce, Inc. (SPSC) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFY and SPSC?
On 3 years of weekly data the KFY/SPSC correlation comes out at 0.61, strong. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.61 over 3 years. The 5-year figure is 0.55, and annualized covariance runs at 704.5 %².
Among the 22 assets we track against KFY, SPSC ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KFY outperformed by 41.6 percentage points (+16.2% for KFY against -25.4% for SPSC). Note the risk asymmetry: SPSC 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 SPSC: side by side
| KFY (Korn Ferry) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | -25.4% |
| 5-year return | +30.5% | -38.6% |
| Volatility (ann.) | 26.3% | 44.2% |
| Beta vs S&P 500 | 0.89 | 1.10 |
| Max drawdown (3Y) | -24.1% | -76.8% |
| Market cap | $4.3B | $3.0B |
| P/E (trailing) | 16.1 | 40.5 |
| Dividend yield | 2.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KFY | SPSC |
|---|---|---|
| 2022 | -32.4% | -9.8% |
| 2023 | +19.1% | +50.9% |
| 2024 | +16.1% | -5.1% |
| 2025 | +0.6% | -51.6% |
| 2026 | +30.4% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFY and SPSC good diversifiers for each other?
Only partially. A correlation of 0.61 means KFY 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 KFY and SPSC?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.72 over the last year and 0.55 over 5 years.
Is SPSC a good diversifier for KFY?
Only partially. A correlation of 0.61 means KFY 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 0.61 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: KFY correlations · SPSC correlations
