DPZ vs QXL: Correlation
Domino's (DPZ) and Quantum X Labs Inc. (QXL) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and QXL?
Over the past 3 years, DPZ and QXL moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.16) than the 3-year average (-0.30). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -5989.5 %².
Out of 31 assets tracked against DPZ, QXL lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months QXL outperformed by 78.8 percentage points (-25.2% for DPZ against +53.6% for QXL). Risk is not evenly split, since QXL carries 26.1 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.
DPZ vs QXL: side by side
| DPZ (Domino's) | QXL (Quantum X Labs Inc.) | |
|---|---|---|
| 1-year return | -25.2% | +53.6% |
| 5-year return | -31.2% | +14.0% |
| Volatility (ann.) | 27.8% | 724.3% |
| Beta vs S&P 500 | 0.67 | -2.23 |
| Max drawdown (3Y) | -45.1% | -96.2% |
| Market cap | $11.0B | $0.1B |
| P/E (trailing) | 19.5 | 13.4 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DPZ | QXL |
|---|---|---|
| 2022 | -37.9% | -78.8% |
| 2023 | +20.7% | -80.2% |
| 2024 | +3.2% | +1032.7% |
| 2025 | +0.9% | -70.1% |
| 2026 | -19.4% | +207.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and QXL good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between DPZ and QXL?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.16 over the last year and -0.21 over 5 years.
Is QXL a good diversifier for DPZ?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/dpz-vs-qxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpz-vs-qxl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPZ correlations · QXL correlations
