CNP vs QXL: Correlation
CenterPoint Energy (CNP) and Quantum X Labs Inc. (QXL) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and QXL?
Across a 3-year window, the weekly returns of CNP and QXL correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.20). Stretching to 5 years gives -0.13, with an annualized covariance of -2549.1 %².
Out of 28 assets tracked against CNP, QXL lands near the bottom at #24. The last year tells two different stories: QXL led by 47.1 percentage points, +6.5% for CNP against +53.6% for QXL. Risk is not evenly split, since QXL carries 42.1 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.
CNP vs QXL: side by side
| CNP (CenterPoint Energy) | QXL (Quantum X Labs Inc.) | |
|---|---|---|
| 1-year return | +6.5% | +53.6% |
| 5-year return | +75.6% | +14.0% |
| Volatility (ann.) | 17.2% | 724.3% |
| Beta vs S&P 500 | 0.12 | -2.23 |
| Max drawdown (3Y) | -18.1% | -96.2% |
| Market cap | $25.9B | $0.1B |
| P/E (trailing) | 23.5 | 13.4 |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CNP | QXL |
|---|---|---|
| 2022 | +10.0% | -78.8% |
| 2023 | -2.1% | -80.2% |
| 2024 | +14.3% | +1032.7% |
| 2025 | +23.7% | -70.1% |
| 2026 | +4.2% | +207.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and QXL good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNP and QXL?
As of 2026-08-27, the correlation of weekly returns between CNP and QXL is -0.20 over 3 years, -0.08 over 1 year and -0.13 over 5 years.
Is QXL a good diversifier for CNP?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/cnp-vs-qxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnp-vs-qxl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNP correlations · QXL correlations
