MAN vs RHI: Correlation
How closely do ManpowerGroup (MAN) and Robert Half Inc. (RHI) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAN and RHI?
On 3 years of weekly data the MAN/RHI correlation comes out at 0.78, strong. Recent behaviour matches the longer record: 0.88 over 1 year against 0.78 over 3. The 5-year figure is 0.73, and annualized covariance runs at 1416.4 %².
Few assets follow MAN as closely as RHI, which ranks #1 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months MAN outperformed by 23.6 percentage points (+56.1% for MAN against +32.5% for RHI).
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.
MAN vs RHI: side by side
| MAN (ManpowerGroup) | RHI (Robert Half Inc.) | |
|---|---|---|
| 1-year return | +56.1% | +32.5% |
| 5-year return | -37.6% | -47.2% |
| Volatility (ann.) | 44.3% | 41.2% |
| Beta vs S&P 500 | 0.79 | 0.95 |
| Max drawdown (3Y) | -64.7% | -72.2% |
| Market cap | $2.9B | $4.6B |
| P/E (trailing) | 27.9 | 38.8 |
| Dividend yield | 2.32% | 5.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAN | RHI |
|---|---|---|
| 2022 | -11.8% | -32.5% |
| 2023 | -0.6% | +22.1% |
| 2024 | -24.0% | -17.4% |
| 2025 | -46.2% | -59.1% |
| 2026 | +114.1% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAN and RHI good diversifiers for each other?
Only partially. A correlation of 0.78 means MAN and RHI 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 MAN and RHI?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.88 over the last year and 0.73 over 5 years.
Is RHI a good diversifier for MAN?
Only partially. A correlation of 0.78 means MAN and RHI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/man-vs-rhi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/man-vs-rhi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAN correlations · RHI correlations
