EL vs QNTM: Correlation
Estée Lauder Companies (The) (EL) and Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and QNTM?
On 3 years of weekly data the EL/QNTM correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -2570.3 %².
Out of 35 assets tracked against EL, QNTM lands near the bottom at #31. Correlation aside, the last 12 months split them widely, with EL ahead by 97.7 points (+16.4% versus -81.3%). Note the risk asymmetry: QNTM runs 4.9 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.
EL vs QNTM: side by side
| EL (Estée Lauder Companies (The)) | QNTM (Quantum Biopharma Ltd. - Class B Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +16.4% | -81.3% |
| 5-year return | -66.7% | -97.4% |
| Volatility (ann.) | 47.0% | 230.6% |
| Beta vs S&P 500 | 1.28 | 0.93 |
| Max drawdown (3Y) | -68.4% | -98.0% |
| Market cap | $38.4B | – |
| P/E (trailing) | 208.3 | – |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | QNTM |
|---|---|---|
| 2022 | -32.3% | -22.7% |
| 2023 | -40.1% | +16.8% |
| 2024 | -47.6% | -93.8% |
| 2025 | +42.1% | +98.4% |
| 2026 | +2.1% | -57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and QNTM good diversifiers for each other?
Yes. With a correlation of -0.24, EL and QNTM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EL and QNTM?
The EL/QNTM correlation stands at -0.24 on a 3-year window (1 year: -0.18, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is QNTM a good diversifier for EL?
Yes. With a correlation of -0.24, EL and QNTM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/el-vs-qntm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/el-vs-qntm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EL correlations · QNTM correlations
