BTI vs QETA: Correlation
British American Tobacco Industries, p.l.c. (BTI) and Quetta Acquisition Corporation (QETA) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and QETA?
Over the past 3 years, BTI and QETA moved with a correlation of 0.32, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.32 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 37.0 %².
Among the 21 assets we track against BTI, QETA ranks #6 by 3-year correlation. Neither side won the trailing year by much: +4.8% against +4.9%. Note the risk asymmetry: BTI runs 4.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BTI vs QETA: side by side
| BTI (British American Tobacco Industries, p.l.c.) | QETA (Quetta Acquisition Corporation) | |
|---|---|---|
| 1-year return | +4.8% | +4.9% |
| 5-year return | +119.4% | n/a |
| Volatility (ann.) | 22.5% | 5.2% |
| Beta vs S&P 500 | 0.06 | -0.04 |
| Max drawdown (3Y) | -15.3% | -5.1% |
| Market cap | $121.2B | – |
| P/E (trailing) | 14.5 | 51.0 |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTI | QETA |
|---|---|---|
| 2022 | +15.1% | – |
| 2023 | -20.1% | – |
| 2024 | +35.4% | +4.4% |
| 2025 | +65.8% | +7.6% |
| 2026 | +2.2% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and QETA good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BTI and QETA?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.55 over the last year and n/a over 5 years.
Is QETA a good diversifier for BTI?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/bti-vs-qeta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bti-vs-qeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTI correlations · QETA correlations
