PCAR vs QH: Correlation
Paccar (PCAR) and Quhuo Limited - Class A (QH) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCAR and QH?
Over the past 3 years, PCAR and QH moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.21 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -6907.1 %².
By 3-year correlation, QH places #19 of the 27 assets tracked against PCAR. Their recent paths diverged sharply: over the last 12 months PCAR outperformed by 35.9 percentage points (+27.8% for PCAR against -8.1% for QH). Note the risk asymmetry: QH runs 56.4 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.
PCAR vs QH: side by side
| PCAR (Paccar) | QH (Quhuo Limited - Class A) | |
|---|---|---|
| 1-year return | +27.8% | -8.1% |
| 5-year return | +177.9% | -100.0% |
| Volatility (ann.) | 24.1% | 1360.1% |
| Beta vs S&P 500 | 0.74 | 5.77 |
| Max drawdown (3Y) | -27.7% | -100.0% |
| Market cap | $66.6B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PCAR | QH |
|---|---|---|
| 2022 | +17.0% | -98.9% |
| 2023 | +55.0% | +22.5% |
| 2024 | +10.8% | -0.7% |
| 2025 | +8.0% | -99.2% |
| 2026 | +16.5% | +290.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCAR and QH good diversifiers for each other?
Yes. With a correlation of -0.21, PCAR and QH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PCAR and QH?
As of 2026-08-27, the correlation of weekly returns between PCAR and QH is -0.21 over 3 years, -0.40 over 1 year and -0.16 over 5 years.
Is QH a good diversifier for PCAR?
Yes. With a correlation of -0.21, PCAR and QH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/pcar-vs-qh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcar-vs-qh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCAR correlations · QH correlations
