QH vs SYK: Correlation
Quhuo Limited - Class A (QH) and Stryker Corporation (SYK) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QH and SYK?
Over the past 3 years, QH and SYK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.27). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -7919.5 %².
Within QH's tracked universe of 40 assets, SYK comes in at #30 by 3-year correlation. The trailing year gives QH the advantage: -8.1% versus -17.2%, a 9.1-point spread. One caveat on sizing: QH is 63.3 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 SYK: side by side
| QH (Quhuo Limited - Class A) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -8.1% | -17.2% |
| 5-year return | -100.0% | +23.8% |
| Volatility (ann.) | 1360.1% | 21.5% |
| Beta vs S&P 500 | 5.77 | 0.61 |
| Max drawdown (3Y) | -100.0% | -29.4% |
| Market cap | – | $123.6B |
| P/E (trailing) | – | 34.1 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | QH | SYK |
|---|---|---|
| 2022 | -98.9% | -7.4% |
| 2023 | +22.5% | +23.8% |
| 2024 | -0.7% | +21.3% |
| 2025 | -99.2% | -1.5% |
| 2026 | +290.7% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QH and SYK good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QH and SYK?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.40 over the last year and -0.18 over 5 years.
Is SYK a good diversifier for QH?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qh-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QH correlations · SYK correlations
