AGIG vs QSR: Correlation
Abundia Global Impact Group Inc. (AGIG) and Restaurant Brands International Inc. (QSR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and QSR?
Over the past 3 years, AGIG and QSR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -712.0 %².
By 3-year correlation, QSR places #23 of the 34 assets tracked against AGIG. Correlation aside, the last 12 months split them widely, with QSR ahead by 118.0 points (-88.7% versus +29.3%). Note the risk asymmetry: AGIG runs 7.6 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.
AGIG vs QSR: side by side
| AGIG (Abundia Global Impact Group Inc.) | QSR (Restaurant Brands International Inc.) | |
|---|---|---|
| 1-year return | -88.7% | +29.3% |
| 5-year return | -94.6% | +45.4% |
| Volatility (ann.) | 157.1% | 20.7% |
| Beta vs S&P 500 | -0.21 | 0.32 |
| Max drawdown (3Y) | -96.7% | -24.5% |
| Market cap | – | $35.8B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.00% | 3.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | QSR |
|---|---|---|
| 2022 | +140.6% | +10.7% |
| 2023 | -48.0% | +24.6% |
| 2024 | -27.9% | -13.8% |
| 2025 | -84.7% | +8.6% |
| 2026 | -51.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and QSR good diversifiers for each other?
Yes. With a correlation of -0.22, AGIG and QSR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGIG and QSR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.09 over the last year and -0.09 over 5 years.
Is QSR a good diversifier for AGIG?
Yes. With a correlation of -0.22, AGIG and QSR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
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Related comparisons
Hubs: AGIG correlations · QSR correlations
