AVXL vs QSI: Correlation
How closely do Anavex Life Sciences Corp. (AVXL) and Quantum-Si Incorporated (QSI) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVXL and QSI?
On 3 years of weekly data the AVXL/QSI correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 6532.9 %².
In AVXL's tracked universe of 11 assets, QSI sits right near the top at #1. The last year tells two different stories: QSI led by 36.1 percentage points, -66.9% for AVXL against -30.8% for QSI. One caveat on sizing: QSI is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AVXL vs QSI: side by side
| AVXL (Anavex Life Sciences Corp.) | QSI (Quantum-Si Incorporated) | |
|---|---|---|
| 1-year return | -66.9% | -30.8% |
| 5-year return | -83.1% | -91.5% |
| Volatility (ann.) | 84.1% | 152.9% |
| Beta vs S&P 500 | 2.04 | 2.93 |
| Max drawdown (3Y) | -82.6% | -83.6% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVXL | QSI |
|---|---|---|
| 2022 | -46.6% | -76.7% |
| 2023 | +0.5% | +9.8% |
| 2024 | +15.4% | +34.3% |
| 2025 | -66.9% | -59.3% |
| 2026 | -12.1% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVXL and QSI good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVXL and QSI?
As of 2026-08-27, the correlation of weekly returns between AVXL and QSI is 0.51 over 3 years, 0.47 over 1 year and 0.47 over 5 years.
Is QSI a good diversifier for AVXL?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avxl-vs-qsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avxl-vs-qsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVXL correlations · QSI correlations
