AUBN vs QS: Correlation
Auburn National Bancorporation, Inc. (AUBN) and QuantumScape Corporation (QS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUBN and QS?
On 3 years of weekly data the AUBN/QS correlation comes out at 0.33, moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.33). The 5-year figure is 0.20, and annualized covariance runs at 947.5 %².
Few assets follow AUBN as closely as QS, which ranks #2 of 12 tracked partners. The last year tells two different stories: AUBN led by 36.7 percentage points, +10.1% for AUBN against -26.6% for QS. Note the risk asymmetry: QS runs 2.9 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.
AUBN vs QS: side by side
| AUBN (Auburn National Bancorporation, Inc.) | QS (QuantumScape Corporation) | |
|---|---|---|
| 1-year return | +10.1% | -26.6% |
| 5-year return | -4.9% | -72.4% |
| Volatility (ann.) | 31.8% | 90.7% |
| Beta vs S&P 500 | 0.04 | 2.17 |
| Max drawdown (3Y) | -24.5% | -73.5% |
| Market cap | $0.1B | $3.6B |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUBN | QS |
|---|---|---|
| 2022 | -26.0% | -74.4% |
| 2023 | -2.8% | +22.6% |
| 2024 | +16.3% | -25.3% |
| 2025 | +20.2% | +100.8% |
| 2026 | -0.2% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUBN and QS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AUBN and QS?
As of 2026-08-27, the correlation of weekly returns between AUBN and QS is 0.33 over 3 years, -0.01 over 1 year and 0.20 over 5 years.
Is QS a good diversifier for AUBN?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AUBN correlations · QS correlations
