IVVD vs QNTM: Correlation
Invivyd, Inc. (IVVD) and Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and QNTM?
Across a 3-year window, the weekly returns of IVVD and QNTM correlate at 0.59, moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.59). Stretching to 5 years gives 0.54, with an annualized covariance of 41711.1 %².
In IVVD's tracked universe of 24 assets, QNTM sits right near the top at #1. The last year tells two different stories: IVVD led by 84.6 percentage points, +3.3% for IVVD against -81.3% for QNTM.
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.
IVVD vs QNTM: side by side
| IVVD (Invivyd, Inc.) | QNTM (Quantum Biopharma Ltd. - Class B Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +3.3% | -81.3% |
| 5-year return | -97.2% | -97.4% |
| Volatility (ann.) | 305.9% | 230.6% |
| Beta vs S&P 500 | 1.87 | 0.93 |
| Max drawdown (3Y) | -92.9% | -98.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVVD | QNTM |
|---|---|---|
| 2022 | -79.3% | -22.7% |
| 2023 | +162.7% | +16.8% |
| 2024 | -88.8% | -93.8% |
| 2025 | +457.6% | +98.4% |
| 2026 | -63.6% | -57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and QNTM good diversifiers for each other?
Only partially. A correlation of 0.59 means IVVD and QNTM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IVVD and QNTM?
The IVVD/QNTM correlation stands at 0.59 on a 3-year window (1 year: -0.03, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is QNTM a good diversifier for IVVD?
Only partially. A correlation of 0.59 means IVVD and QNTM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/ivvd-vs-qntm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivvd-vs-qntm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IVVD correlations · QNTM correlations
