LAC vs QURE: Correlation
Measured on weekly returns over the past three years, Lithium Americas Corp. (LAC) and uniQure N.V. (QURE) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and QURE?
Across a 3-year window, the weekly returns of LAC and QURE correlate at 0.47, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.47). Stretching to 5 years gives n/a, with an annualized covariance of 9633.3 %².
By 3-year correlation, QURE places #6 of the 21 assets tracked against LAC. Their recent paths diverged sharply: over the last 12 months QURE outperformed by 208.3 percentage points (+6.4% for LAC against +214.7% for QURE). Risk is not evenly split, since QURE carries 2.3 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.
LAC vs QURE: side by side
| LAC (Lithium Americas Corp.) | QURE (uniQure N.V.) | |
|---|---|---|
| 1-year return | +6.4% | +214.7% |
| 5-year return | n/a | +72.6% |
| Volatility (ann.) | 93.5% | 215.4% |
| Beta vs S&P 500 | 1.37 | 1.70 |
| Max drawdown (3Y) | -81.8% | -87.2% |
| Market cap | $1.2B | $3.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | QURE |
|---|---|---|
| 2022 | – | +9.3% |
| 2023 | – | -70.1% |
| 2024 | -53.6% | +160.9% |
| 2025 | +46.8% | +35.5% |
| 2026 | -27.3% | +107.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and QURE good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAC and QURE?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.69 over the last year and n/a over 5 years.
Is QURE a good diversifier for LAC?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/lac-vs-qure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lac-vs-qure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAC correlations · QURE correlations
