HOVR vs QSI: Correlation
New Horizon Aircraft Ltd. - Class A (HOVR) and Quantum-Si Incorporated (QSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOVR and QSI?
Over the past 3 years, HOVR and QSI moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 10973.9 %².
By 3-year correlation, QSI places #5 of the 12 assets tracked against HOVR. The last year tells two different stories: HOVR led by 29.7 percentage points, -1.1% for HOVR against -30.8% for QSI.
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.
HOVR vs QSI: side by side
| HOVR (New Horizon Aircraft Ltd. - Class A) | QSI (Quantum-Si Incorporated) | |
|---|---|---|
| 1-year return | -1.1% | -30.8% |
| 5-year return | n/a | -91.5% |
| Volatility (ann.) | 177.8% | 152.9% |
| Beta vs S&P 500 | 0.74 | 2.93 |
| Max drawdown (3Y) | -97.6% | -83.6% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOVR | QSI |
|---|---|---|
| 2022 | – | -76.7% |
| 2023 | – | +9.8% |
| 2024 | -86.4% | +34.3% |
| 2025 | +30.1% | -59.3% |
| 2026 | +23.1% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOVR and QSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HOVR and QSI?
As of 2026-08-27, the correlation of weekly returns between HOVR and QSI is 0.40 over 3 years, 0.54 over 1 year and n/a over 5 years.
Is QSI a good diversifier for HOVR?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/hovr-vs-qsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hovr-vs-qsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOVR correlations · QSI correlations
