CYN vs QTI: Correlation
How closely do Cyngn Inc. (CYN) and QT Imaging Holdings, Inc. (QTI) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYN and QTI?
Over the past 3 years, CYN and QTI moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.33 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 8235.1 %².
By 3-year correlation, QTI places #12 of the 19 assets tracked against CYN. The trailing year gives CYN the advantage: -81.7% versus -91.6%, a 9.9-point spread. One caveat on sizing: CYN is 2.2 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.
CYN vs QTI: side by side
| CYN (Cyngn Inc.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | -81.7% | -91.6% |
| 5-year return | -100.0% | -97.9% |
| Volatility (ann.) | 234.2% | 108.2% |
| Beta vs S&P 500 | 4.31 | 0.12 |
| Max drawdown (3Y) | -100.0% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYN | QTI |
|---|---|---|
| 2022 | -85.0% | +3.1% |
| 2023 | -78.5% | +7.7% |
| 2024 | -94.1% | -95.6% |
| 2025 | -98.1% | -16.7% |
| 2026 | -53.8% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYN and QTI good diversifiers for each other?
Reasonably. At 0.33, CYN and QTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CYN and QTI?
The CYN/QTI correlation stands at 0.33 on a 3-year window (1 year: 0.08, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QTI a good diversifier for CYN?
Reasonably. At 0.33, CYN and QTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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/cyn-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cyn-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYN correlations · QTI correlations
