INKT vs QTTB: Correlation
Measured on weekly returns over the past three years, MiNK Therapeutics, Inc. (INKT) and Q32 Bio Inc. (QTTB) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and QTTB?
Across a 3-year window, the weekly returns of INKT and QTTB correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.39 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 24474.7 %².
Within INKT's tracked universe of 27 assets, QTTB comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QTTB outperformed by 865.9 percentage points (-26.9% for INKT against +839.0% for QTTB). Note the risk asymmetry: INKT runs 3.4 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.
INKT vs QTTB: side by side
| INKT (MiNK Therapeutics, Inc.) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | -26.9% | +839.0% |
| 5-year return | -90.3% | -87.4% |
| Volatility (ann.) | 464.2% | 134.9% |
| Beta vs S&P 500 | 0.50 | 0.12 |
| Max drawdown (3Y) | -86.7% | -97.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | QTTB |
|---|---|---|
| 2022 | -41.5% | -65.4% |
| 2023 | -59.0% | -51.7% |
| 2024 | -34.9% | -68.6% |
| 2025 | +60.0% | -3.5% |
| 2026 | +4.8% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and QTTB good diversifiers for each other?
Reasonably. At 0.39, INKT and QTTB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INKT and QTTB?
The INKT/QTTB correlation stands at 0.39 on a 3-year window (1 year: 0.14, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QTTB a good diversifier for INKT?
Reasonably. At 0.39, INKT and QTTB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/inkt-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inkt-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INKT correlations · QTTB correlations
