FEED vs QNCX: Correlation
How closely do ENvue Medical, Inc. (FEED) and Quince Therapeutics, Inc. (QNCX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEED and QNCX?
Over the past 3 years, FEED and QNCX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.27 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -6243.8 %².
QNCX is close to the least connected end of FEED's tracked universe, ranking #15 of 17. Neither side won the trailing year by much: -93.7% against -89.6%. Note the risk asymmetry: FEED runs 1.9 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.
FEED vs QNCX: side by side
| FEED (ENvue Medical, Inc.) | QNCX (Quince Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -93.7% | -89.6% |
| 5-year return | -100.0% | -99.8% |
| Volatility (ann.) | 207.5% | 111.4% |
| Beta vs S&P 500 | 2.43 | 0.55 |
| Max drawdown (3Y) | -99.9% | -98.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEED | QNCX |
|---|---|---|
| 2022 | -75.8% | -95.0% |
| 2023 | -77.2% | +64.8% |
| 2024 | -48.7% | +78.1% |
| 2025 | -96.4% | +79.1% |
| 2026 | -84.1% | -95.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEED and QNCX good diversifiers for each other?
Yes. With a correlation of -0.27, FEED and QNCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FEED and QNCX?
The FEED/QNCX correlation stands at -0.27 on a 3-year window (1 year: -0.43, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is QNCX a good diversifier for FEED?
Yes. With a correlation of -0.27, FEED and QNCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/feed-vs-qncx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/feed-vs-qncx/)
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Related comparisons
Hubs: FEED correlations · QNCX correlations
