CXM vs QXO: Correlation
Measured on weekly returns over the past three years, Sprinklr, Inc. (CXM) and QXO, Inc. (QXO) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXM and QXO?
Over the past 3 years, CXM and QXO moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1602.4 %².
QXO is close to the least connected end of CXM's tracked universe, ranking #10 of 13. The last year tells two different stories: CXM led by 25.4 percentage points, -8.3% for CXM against -33.7% for QXO. One caveat on sizing: QXO is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CXM vs QXO: side by side
| CXM (Sprinklr, Inc.) | QXO (QXO, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | -33.7% |
| 5-year return | -49.6% | -70.0% |
| Volatility (ann.) | 40.4% | 132.0% |
| Beta vs S&P 500 | 0.91 | 1.05 |
| Max drawdown (3Y) | -71.1% | -95.4% |
| Market cap | – | $14.4B |
| P/E (trailing) | 61.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXM | QXO |
|---|---|---|
| 2022 | -48.5% | -33.8% |
| 2023 | +47.4% | +508.5% |
| 2024 | -29.8% | -86.1% |
| 2025 | -7.9% | +21.3% |
| 2026 | +2.1% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXM and QXO good diversifiers for each other?
Yes. With a correlation of -0.30, CXM and QXO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CXM and QXO?
The CXM/QXO correlation stands at -0.30 on a 3-year window (1 year: 0.06, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is QXO a good diversifier for CXM?
Yes. With a correlation of -0.30, CXM and QXO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cxm-vs-qxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cxm-vs-qxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CXM correlations · QXO correlations
