QRHC vs TPG: Correlation
Quest Resource Holding Corporation (QRHC) and TPG Inc. (TPG) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QRHC and TPG?
Over the past 3 years, QRHC and TPG moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 795.9 %².
Among the 10 assets we track against QRHC, TPG ranks #4 by 3-year correlation. The trailing year gives TPG the advantage: -17.2% versus -8.1%, a 9.1-point spread.
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.
QRHC vs TPG: side by side
| QRHC (Quest Resource Holding Corporation) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | -17.2% | -8.1% |
| 5-year return | -78.2% | +91.2% |
| Volatility (ann.) | 54.2% | 37.6% |
| Beta vs S&P 500 | 1.21 | 1.62 |
| Max drawdown (3Y) | -91.9% | -44.8% |
| Market cap | – | $21.1B |
| P/E (trailing) | – | 78.2 |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QRHC | TPG |
|---|---|---|
| 2022 | -12.0% | – |
| 2023 | +20.0% | +62.4% |
| 2024 | -11.3% | +50.6% |
| 2025 | -71.4% | +5.1% |
| 2026 | -22.6% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QRHC and TPG good diversifiers for each other?
Reasonably. At 0.39, QRHC and TPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QRHC and TPG?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.41 over the last year and 0.29 over 5 years.
Is TPG a good diversifier for QRHC?
Reasonably. At 0.39, QRHC and TPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/qrhc-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qrhc-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QRHC correlations · TPG correlations
