ASTC vs QTTB: Correlation
Measured on weekly returns over the past three years, Astrotech Corporation (ASTC) and Q32 Bio Inc. (QTTB) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and QTTB?
Across a 3-year window, the weekly returns of ASTC and QTTB correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.38 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 61362.2 %².
By 3-year correlation, QTTB places #15 of the 47 assets tracked against ASTC. Correlation aside, the last 12 months split them widely, with QTTB ahead by 801.5 points (+37.5% versus +839.0%). Risk is not evenly split, since ASTC carries 8.9 times the volatility of the other side.
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.
ASTC vs QTTB: side by side
| ASTC (Astrotech Corporation) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | +37.5% | +839.0% |
| 5-year return | -78.4% | -87.4% |
| Volatility (ann.) | 1206.9% | 134.9% |
| Beta vs S&P 500 | 4.81 | 0.12 |
| Max drawdown (3Y) | -87.5% | -97.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | QTTB |
|---|---|---|
| 2022 | -51.0% | -65.4% |
| 2023 | -15.0% | -51.7% |
| 2024 | -20.8% | -68.6% |
| 2025 | -48.5% | -3.5% |
| 2026 | +105.8% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and QTTB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTC and QTTB?
The ASTC/QTTB correlation stands at 0.38 on a 3-year window (1 year: 0.57, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QTTB a good diversifier for ASTC?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/astc-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/astc-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTC correlations · QTTB correlations
