QH vs UK: Correlation
Measured on weekly returns over the past three years, Quhuo Limited - Class A (QH) and Ucommune International Ltd - Class A (UK) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QH and UK?
On 3 years of weekly data the QH/UK correlation comes out at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.37 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 34077.2 %².
By 3-year correlation, UK places #13 of the 40 assets tracked against QH. Their recent paths diverged sharply: over the last 12 months QH outperformed by 71.9 percentage points (-8.1% for QH against -80.0% for UK). Note the risk asymmetry: QH runs 20.1 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.
QH vs UK: side by side
| QH (Quhuo Limited - Class A) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | -8.1% | -80.0% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 1360.1% | 67.7% |
| Beta vs S&P 500 | 5.77 | 0.52 |
| 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 | UK |
|---|---|---|
| 2022 | -98.9% | -89.3% |
| 2023 | +22.5% | -79.1% |
| 2024 | -0.7% | -68.3% |
| 2025 | -99.2% | -46.4% |
| 2026 | +290.7% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QH and UK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QH and UK?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.48 over the last year and 0.24 over 5 years.
Is UK a good diversifier for QH?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qh-vs-uk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qh-vs-uk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QH correlations · UK correlations
