KWR vs VEL: Correlation
Measured on weekly returns over the past three years, Quaker Houghton (KWR) and Velocity Financial, Inc. (VEL) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and VEL?
Over the past 3 years, KWR and VEL moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 405.8 %².
Among the 20 assets we track against KWR, VEL ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KWR ahead by 20.2 points (+15.1% versus -5.1%).
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.
KWR vs VEL: side by side
| KWR (Quaker Houghton) | VEL (Velocity Financial, Inc.) | |
|---|---|---|
| 1-year return | +15.1% | -5.1% |
| 5-year return | -32.5% | +41.6% |
| Volatility (ann.) | 34.3% | 25.6% |
| Beta vs S&P 500 | 1.16 | 0.42 |
| Max drawdown (3Y) | -55.3% | -22.1% |
| Market cap | $2.8B | $0.7B |
| P/E (trailing) | 29.4 | 6.4 |
| Dividend yield | 1.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KWR | VEL |
|---|---|---|
| 2022 | -26.9% | -29.6% |
| 2023 | +29.1% | +78.4% |
| 2024 | -33.4% | +13.6% |
| 2025 | -0.8% | +6.1% |
| 2026 | +20.9% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and VEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KWR and VEL?
As of 2026-08-27, the correlation of weekly returns between KWR and VEL is 0.46 over 3 years, 0.44 over 1 year and 0.37 over 5 years.
Is VEL a good diversifier for KWR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/kwr-vs-vel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kwr-vs-vel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KWR correlations · VEL correlations
