AVD vs QNTM: Correlation
How closely do American Vanguard Corporation (AVD) and Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVD and QNTM?
Over the past 3 years, AVD and QNTM moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.23 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -3503.3 %².
Among the 10 assets we track against AVD, QNTM sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months AVD outperformed by 21.7 percentage points (-59.6% for AVD against -81.3% for QNTM). Risk is not evenly split, since QNTM carries 3.6 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.
AVD vs QNTM: side by side
| AVD (American Vanguard Corporation) | QNTM (Quantum Biopharma Ltd. - Class B Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -59.6% | -81.3% |
| 5-year return | -85.5% | -97.4% |
| Volatility (ann.) | 64.9% | 230.6% |
| Beta vs S&P 500 | 1.21 | 0.93 |
| Max drawdown (3Y) | -85.7% | -98.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVD | QNTM |
|---|---|---|
| 2022 | +33.1% | -22.7% |
| 2023 | -49.0% | +16.8% |
| 2024 | -57.5% | -93.8% |
| 2025 | -17.5% | +98.4% |
| 2026 | -42.9% | -57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVD and QNTM good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVD and QNTM?
As of 2026-08-27, the correlation of weekly returns between AVD and QNTM is -0.23 over 3 years, -0.08 over 1 year and -0.19 over 5 years.
Is QNTM a good diversifier for AVD?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avd-vs-qntm.json
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[](https://www.pairbook.io/pair/avd-vs-qntm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVD correlations · QNTM correlations
