QH vs SILC: Correlation
How closely do Quhuo Limited - Class A (QH) and Silicom Ltd (SILC) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QH and SILC?
Across a 3-year window, the weekly returns of QH and SILC correlate at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.42 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 31317.6 %².
By 3-year correlation, SILC places #8 of the 40 assets tracked against QH. The last year tells two different stories: SILC led by 201.2 percentage points, -8.1% for QH against +193.1% for SILC. One caveat on sizing: QH is 24.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SILC: side by side
| QH (Quhuo Limited - Class A) | SILC (Silicom Ltd) | |
|---|---|---|
| 1-year return | -8.1% | +193.1% |
| 5-year return | -100.0% | +6.1% |
| Volatility (ann.) | 1360.1% | 54.8% |
| Beta vs S&P 500 | 5.77 | 0.98 |
| Max drawdown (3Y) | -100.0% | -56.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QH | SILC |
|---|---|---|
| 2022 | -98.9% | -18.3% |
| 2023 | +22.5% | -57.1% |
| 2024 | -0.7% | -9.9% |
| 2025 | -99.2% | -9.9% |
| 2026 | +290.7% | +224.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QH and SILC good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QH and SILC?
As of 2026-08-27, the correlation of weekly returns between QH and SILC is 0.42 over 3 years, 0.56 over 1 year and 0.37 over 5 years.
Is SILC a good diversifier for QH?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/qh-vs-silc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qh-vs-silc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QH correlations · SILC correlations
