FPI vs QTTB: Correlation
Farmland Partners Inc. (FPI) and Q32 Bio Inc. (QTTB) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPI and QTTB?
Across a 3-year window, the weekly returns of FPI and QTTB correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -711.9 %².
QTTB is close to the least connected end of FPI's tracked universe, ranking #9 of 11. The last year tells two different stories: QTTB led by 841.6 percentage points, -2.6% for FPI against +839.0% for QTTB. Note the risk asymmetry: QTTB runs 5.7 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.
FPI vs QTTB: side by side
| FPI (Farmland Partners Inc.) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +839.0% |
| 5-year return | +8.2% | -87.4% |
| Volatility (ann.) | 23.7% | 134.9% |
| Beta vs S&P 500 | 0.53 | 0.12 |
| Max drawdown (3Y) | -27.0% | -97.3% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | 20.1 | 5.2 |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FPI | QTTB |
|---|---|---|
| 2022 | +6.1% | -65.4% |
| 2023 | +4.0% | -51.7% |
| 2024 | +5.7% | -68.6% |
| 2025 | -14.1% | -3.5% |
| 2026 | +8.3% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPI and QTTB good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FPI and QTTB?
The FPI/QTTB correlation stands at -0.22 on a 3-year window (1 year: -0.17, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is QTTB a good diversifier for FPI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/fpi-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fpi-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FPI correlations · QTTB correlations
