AXTI vs QUIK: Correlation
Measured on weekly returns over the past three years, AXT Inc (AXTI) and QuickLogic Corporation (QUIK) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXTI and QUIK?
Across a 3-year window, the weekly returns of AXTI and QUIK correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 2988.3 %².
In AXTI's tracked universe of 10 assets, QUIK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months AXTI outperformed by 2123.6 percentage points (+2231.7% for AXTI against +108.1% for QUIK). Risk is not evenly split, since AXTI carries 1.6 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.
AXTI vs QUIK: side by side
| AXTI (AXT Inc) | QUIK (QuickLogic Corporation) | |
|---|---|---|
| 1-year return | +2231.7% | +108.1% |
| 5-year return | +615.0% | +89.6% |
| Volatility (ann.) | 109.1% | 66.7% |
| Beta vs S&P 500 | 2.64 | 1.92 |
| Max drawdown (3Y) | -78.5% | -76.9% |
| Market cap | $4.4B | $0.2B |
| P/E (trailing) | 2230.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXTI | QUIK |
|---|---|---|
| 2022 | -50.3% | +0.6% |
| 2023 | -45.2% | +169.6% |
| 2024 | -9.6% | -18.5% |
| 2025 | +653.5% | -46.8% |
| 2026 | +309.3% | +88.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXTI and QUIK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AXTI and QUIK?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.50 over the last year and 0.38 over 5 years.
Is QUIK a good diversifier for AXTI?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: AXTI correlations · QUIK correlations
