FBYD vs QNTM: Correlation
How closely do Falcon's Beyond Global, Inc. (FBYD) and Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBYD and QNTM?
Across a 3-year window, the weekly returns of FBYD and QNTM correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 13975.8 %².
Few assets follow FBYD as closely as QNTM, which ranks #1 of 13 tracked partners. The last year tells two different stories: FBYD led by 121.6 percentage points, +40.3% for FBYD against -81.3% for QNTM. One caveat on sizing: QNTM is 1.7 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.
FBYD vs QNTM: side by side
| FBYD (Falcon's Beyond Global, Inc.) | QNTM (Quantum Biopharma Ltd. - Class B Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +40.3% | -81.3% |
| 5-year return | n/a | -97.4% |
| Volatility (ann.) | 137.7% | 230.6% |
| Beta vs S&P 500 | 0.37 | 0.93 |
| Max drawdown (3Y) | -81.2% | -98.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBYD | QNTM |
|---|---|---|
| 2022 | – | -22.7% |
| 2023 | – | +16.8% |
| 2024 | -22.0% | -93.8% |
| 2025 | +87.8% | +98.4% |
| 2026 | -33.4% | -57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBYD and QNTM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FBYD and QNTM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is QNTM a good diversifier for FBYD?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/fbyd-vs-qntm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fbyd-vs-qntm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBYD correlations · QNTM correlations
