QH vs SCLX: Correlation
Quhuo Limited - Class A (QH) and Scilex Holding Company (SCLX) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QH and SCLX?
Across a 3-year window, the weekly returns of QH and SCLX correlate at 0.30, moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.30). Stretching to 5 years gives 0.25, with an annualized covariance of 50733.6 %².
Among the 40 assets we track against QH, SCLX ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QH outperformed by 42.3 percentage points (-8.1% for QH against -50.4% for SCLX). Risk is not evenly split, since QH carries 10.8 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.
QH vs SCLX: side by side
| QH (Quhuo Limited - Class A) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | -8.1% | -50.4% |
| 5-year return | -100.0% | -97.4% |
| Volatility (ann.) | 1360.1% | 125.7% |
| Beta vs S&P 500 | 5.77 | 1.06 |
| Max drawdown (3Y) | -100.0% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QH | SCLX |
|---|---|---|
| 2022 | -98.9% | -60.3% |
| 2023 | +22.5% | -48.9% |
| 2024 | -0.7% | -79.1% |
| 2025 | -99.2% | -18.2% |
| 2026 | +290.7% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QH and SCLX good diversifiers for each other?
Reasonably. At 0.30, QH and SCLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QH and SCLX?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.48 over the last year and 0.25 over 5 years.
Is SCLX a good diversifier for QH?
Reasonably. At 0.30, QH and SCLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/qh-vs-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qh-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QH correlations · SCLX correlations
