CHRW vs QNCX: Correlation
Measured on weekly returns over the past three years, C.H. Robinson (CHRW) and Quince Therapeutics, Inc. (QNCX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and QNCX?
Over the past 3 years, CHRW and QNCX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1056.8 %².
Among the 31 assets we track against CHRW, QNCX sits near the bottom by co-movement, at rank #27. The last year tells two different stories: CHRW led by 109.5 percentage points, +19.9% for CHRW against -89.6% for QNCX. Note the risk asymmetry: QNCX runs 3.1 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.
CHRW vs QNCX: side by side
| CHRW (C.H. Robinson) | QNCX (Quince Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +19.9% | -89.6% |
| 5-year return | +86.8% | -99.8% |
| Volatility (ann.) | 35.7% | 111.4% |
| Beta vs S&P 500 | 0.69 | 0.55 |
| Max drawdown (3Y) | -32.4% | -98.2% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CHRW | QNCX |
|---|---|---|
| 2022 | -13.1% | -95.0% |
| 2023 | -3.1% | +64.8% |
| 2024 | +22.9% | +78.1% |
| 2025 | +59.0% | +79.1% |
| 2026 | -5.3% | -95.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and QNCX good diversifiers for each other?
Yes. With a correlation of -0.27, CHRW and QNCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHRW and QNCX?
As of 2026-08-27, the correlation of weekly returns between CHRW and QNCX is -0.27 over 3 years, -0.32 over 1 year and -0.14 over 5 years.
Is QNCX a good diversifier for CHRW?
Yes. With a correlation of -0.27, CHRW and QNCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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
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Related comparisons
Hubs: CHRW correlations · QNCX correlations
