CHPT vs QCLS: Correlation
Measured on weekly returns over the past three years, ChargePoint Holdings, Inc. (CHPT) and Q/C Technologies, Inc. (QCLS) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHPT and QCLS?
Across a 3-year window, the weekly returns of CHPT and QCLS correlate at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.34 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 2809.7 %².
QCLS is close to the least connected end of CHPT's tracked universe, ranking #13 of 16. Correlation aside, the last 12 months split them widely, with CHPT ahead by 24.6 points (-49.1% versus -73.7%).
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.
CHPT vs QCLS: side by side
| CHPT (ChargePoint Holdings, Inc.) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -49.1% | -73.7% |
| 5-year return | -98.6% | -100.0% |
| Volatility (ann.) | 76.7% | 108.9% |
| Beta vs S&P 500 | 2.40 | 0.87 |
| Max drawdown (3Y) | -97.0% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHPT | QCLS |
|---|---|---|
| 2022 | -50.0% | -81.0% |
| 2023 | -75.4% | -77.5% |
| 2024 | -54.3% | -85.2% |
| 2025 | -69.0% | -96.5% |
| 2026 | -12.2% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHPT and QCLS good diversifiers for each other?
Reasonably. At 0.34, CHPT and QCLS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHPT and QCLS?
The CHPT/QCLS correlation stands at 0.34 on a 3-year window (1 year: 0.50, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QCLS a good diversifier for CHPT?
Reasonably. At 0.34, CHPT and QCLS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/chpt-vs-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chpt-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHPT correlations · QCLS correlations
