BBAI vs QNTM: Correlation
Measured on weekly returns over the past three years, BigBear.ai, Inc. (BBAI) and Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) 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 BBAI and QNTM?
Over the past 3 years, BBAI and QNTM moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.38 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 11172.6 %².
Among the 12 assets we track against BBAI, QNTM sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with BBAI ahead by 43.5 points (-37.8% versus -81.3%). Risk is not evenly split, since QNTM carries 1.8 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.
BBAI vs QNTM: side by side
| BBAI (BigBear.ai, Inc.) | QNTM (Quantum Biopharma Ltd. - Class B Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -37.8% | -81.3% |
| 5-year return | -67.6% | -97.4% |
| Volatility (ann.) | 126.2% | 230.6% |
| Beta vs S&P 500 | 3.30 | 0.93 |
| Max drawdown (3Y) | -75.6% | -98.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAI | QNTM |
|---|---|---|
| 2022 | -88.1% | -22.7% |
| 2023 | +217.5% | +16.8% |
| 2024 | +107.9% | -93.8% |
| 2025 | +21.3% | +98.4% |
| 2026 | -40.9% | -57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAI and QNTM 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 BBAI and QNTM?
As of 2026-08-27, the correlation of weekly returns between BBAI and QNTM is 0.38 over 3 years, 0.20 over 1 year and 0.27 over 5 years.
Is QNTM a good diversifier for BBAI?
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?
On the −1 to +1 scale, 0.38 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/bbai-vs-qntm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbai-vs-qntm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBAI correlations · QNTM correlations
