BEEM vs QS: Correlation
Measured on weekly returns over the past three years, Beam Global (BEEM) and QuantumScape Corporation (QS) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and QS?
On 3 years of weekly data the BEEM/QS correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 3183.5 %².
In BEEM's tracked universe of 11 assets, QS sits right near the top at #3. The last year tells two different stories: QS led by 17.7 percentage points, -44.3% for BEEM against -26.6% for QS.
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.
BEEM vs QS: side by side
| BEEM (Beam Global) | QS (QuantumScape Corporation) | |
|---|---|---|
| 1-year return | -44.3% | -26.6% |
| 5-year return | -94.6% | -72.4% |
| Volatility (ann.) | 76.4% | 90.7% |
| Beta vs S&P 500 | 1.25 | 2.17 |
| Max drawdown (3Y) | -88.9% | -73.5% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEM | QS |
|---|---|---|
| 2022 | -6.1% | -74.4% |
| 2023 | -59.4% | +22.6% |
| 2024 | -55.3% | -25.3% |
| 2025 | -52.7% | +100.8% |
| 2026 | +4.0% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEM and QS good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BEEM and QS?
As of 2026-08-27, the correlation of weekly returns between BEEM and QS is 0.46 over 3 years, 0.41 over 1 year and 0.42 over 5 years.
Is QS a good diversifier for BEEM?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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: BEEM correlations · QS correlations
