GDRX vs QETA: Correlation
How closely do GoodRx Holdings, Inc. (GDRX) and Quetta Acquisition Corporation (QETA) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDRX and QETA?
On 3 years of weekly data the GDRX/QETA correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.28 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -90.1 %².
Among the 12 assets we track against GDRX, QETA sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with QETA ahead by 26.9 points (-22.0% versus +4.9%). Risk is not evenly split, since GDRX carries 11.9 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.
GDRX vs QETA: side by side
| GDRX (GoodRx Holdings, Inc.) | QETA (Quetta Acquisition Corporation) | |
|---|---|---|
| 1-year return | -22.0% | +4.9% |
| 5-year return | -90.5% | n/a |
| Volatility (ann.) | 62.1% | 5.2% |
| Beta vs S&P 500 | 1.14 | -0.04 |
| Max drawdown (3Y) | -79.3% | -5.1% |
| Market cap | $1.2B | – |
| P/E (trailing) | 58.5 | 51.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDRX | QETA |
|---|---|---|
| 2022 | -85.7% | – |
| 2023 | +43.8% | – |
| 2024 | -30.6% | +4.4% |
| 2025 | -41.7% | +7.6% |
| 2026 | +29.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDRX and QETA good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GDRX and QETA?
As of 2026-08-27, the correlation of weekly returns between GDRX and QETA is -0.28 over 3 years, -0.41 over 1 year and n/a over 5 years.
Is QETA a good diversifier for GDRX?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/gdrx-vs-qeta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdrx-vs-qeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDRX correlations · QETA correlations
