ARQQ vs PXLW: Correlation
Arqit Quantum Inc. (ARQQ) and Pixelworks, Inc. (PXLW) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQQ and PXLW?
Over the past 3 years, ARQQ and PXLW moved with a correlation of 0.36, which is moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 4897.0 %².
Among the 16 assets we track against ARQQ, PXLW ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PXLW ahead by 15.8 points (-29.4% versus -13.6%).
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.
ARQQ vs PXLW: side by side
| ARQQ (Arqit Quantum Inc.) | PXLW (Pixelworks, Inc.) | |
|---|---|---|
| 1-year return | -29.4% | -13.6% |
| 5-year return | -91.4% | -90.7% |
| Volatility (ann.) | 135.6% | 99.0% |
| Beta vs S&P 500 | 3.18 | 1.41 |
| Max drawdown (3Y) | -86.7% | -86.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQQ | PXLW |
|---|---|---|
| 2022 | -84.9% | -59.8% |
| 2023 | -86.9% | -26.0% |
| 2024 | +227.8% | -44.3% |
| 2025 | -43.7% | -27.4% |
| 2026 | -1.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQQ and PXLW good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARQQ and PXLW?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.32 over the last year and 0.27 over 5 years.
Is PXLW a good diversifier for ARQQ?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/arqq-vs-pxlw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arqq-vs-pxlw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARQQ correlations · PXLW correlations
