GXO vs QUCY: Correlation
How closely do GXO Logistics, Inc. (GXO) and Quantum Cyber N.V. (QUCY) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXO and QUCY?
Across a 3-year window, the weekly returns of GXO and QUCY correlate at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.20, with an annualized covariance of -20033.6 %².
Out of 16 assets tracked against GXO, QUCY lands near the bottom at #14. Twelve-month performance is nearly a tie, at -10.1% for GXO and -9.3% for QUCY. One caveat on sizing: QUCY is 49.1 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.
GXO vs QUCY: side by side
| GXO (GXO Logistics, Inc.) | QUCY (Quantum Cyber N.V.) | |
|---|---|---|
| 1-year return | -10.1% | -9.3% |
| 5-year return | -43.5% | -94.4% |
| Volatility (ann.) | 37.5% | 1840.9% |
| Beta vs S&P 500 | 1.06 | 3.76 |
| Max drawdown (3Y) | -51.6% | -95.9% |
| Market cap | $5.5B | $0.1B |
| P/E (trailing) | 42.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXO | QUCY |
|---|---|---|
| 2022 | -53.0% | -31.7% |
| 2023 | +43.3% | -83.7% |
| 2024 | -28.9% | +272.4% |
| 2025 | +21.0% | -74.1% |
| 2026 | -8.9% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXO and QUCY good diversifiers for each other?
Yes. With a correlation of -0.29, GXO and QUCY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GXO and QUCY?
As of 2026-08-27, the correlation of weekly returns between GXO and QUCY is -0.29 over 3 years, -0.20 over 1 year and -0.20 over 5 years.
Is QUCY a good diversifier for GXO?
Yes. With a correlation of -0.29, GXO and QUCY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 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/gxo-vs-qucy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gxo-vs-qucy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GXO correlations · QUCY correlations
