OPCH vs QH: Correlation
Option Care Health, Inc. (OPCH) and Quhuo Limited - Class A (QH) show a negative relationship: their 3-year correlation of weekly returns is -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPCH and QH?
Across a 3-year window, the weekly returns of OPCH and QH correlate at -0.43, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.67) than the 3-year average (-0.43). Stretching to 5 years gives -0.35, with an annualized covariance of -21834.4 %².
Out of 15 assets tracked against OPCH, QH lands near the bottom at #15. The trailing year gives QH the advantage: -16.1% versus -8.1%, a 8.0-point spread. Risk is not evenly split, since QH carries 36.7 times the volatility of the other side.
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.
OPCH vs QH: side by side
| OPCH (Option Care Health, Inc.) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | -16.1% | -8.1% |
| 5-year return | -8.7% | -100.0% |
| Volatility (ann.) | 37.1% | 1360.1% |
| Beta vs S&P 500 | 0.56 | 5.77 |
| Max drawdown (3Y) | -46.7% | -100.0% |
| Market cap | $3.6B | – |
| P/E (trailing) | 18.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPCH | QH |
|---|---|---|
| 2022 | +5.8% | -98.9% |
| 2023 | +12.0% | +22.5% |
| 2024 | -31.1% | -0.7% |
| 2025 | +37.3% | -99.2% |
| 2026 | -24.7% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPCH and QH good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between OPCH and QH?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.67 over the last year and -0.35 over 5 years.
Is QH a good diversifier for OPCH?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
A reading of -0.43 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/opch-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/opch-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPCH correlations · QH correlations
