QH vs XRX: Correlation
Quhuo Limited - Class A (QH) and Xerox Holdings Corporation (XRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QH and XRX?
On 3 years of weekly data the QH/XRX correlation comes out at 0.58, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.58). The 5-year figure is 0.53, and annualized covariance runs at 61148.8 %².
XRX is one of the assets that tracks QH most closely: it ranks #3 out of the 40 assets we track against QH. Over the last 12 months QH came out ahead by 11.9 percentage points (-8.1% against -20.0%). One caveat on sizing: QH is 17.6 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 XRX: side by side
| QH (Quhuo Limited - Class A) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | -8.1% | -20.0% |
| 5-year return | -100.0% | -81.9% |
| Volatility (ann.) | 1360.1% | 77.4% |
| Beta vs S&P 500 | 5.77 | 2.12 |
| Max drawdown (3Y) | -100.0% | -92.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QH | XRX |
|---|---|---|
| 2022 | -98.9% | -31.3% |
| 2023 | +22.5% | +33.8% |
| 2024 | -0.7% | -49.8% |
| 2025 | -99.2% | -70.6% |
| 2026 | +290.7% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QH and XRX good diversifiers for each other?
Only partially. A correlation of 0.58 means QH and XRX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QH and XRX?
The QH/XRX correlation stands at 0.58 on a 3-year window (1 year: 0.74, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is XRX a good diversifier for QH?
Only partially. A correlation of 0.58 means QH and XRX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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-xrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qh-vs-xrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QH correlations · XRX correlations
