LAES vs QTTB: Correlation
How closely do SEALSQ Corp (LAES) and Q32 Bio Inc. (QTTB) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and QTTB?
Over the past 3 years, LAES and QTTB moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.21 versus -0.26 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -9029.4 %².
QTTB is close to the least connected end of LAES's tracked universe, ranking #25 of 26. The last year tells two different stories: QTTB led by 843.4 percentage points, -4.4% for LAES against +839.0% for QTTB. Note the risk asymmetry: LAES runs 1.9 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.
LAES vs QTTB: side by side
| LAES (SEALSQ Corp) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | -4.4% | +839.0% |
| 5-year return | n/a | -87.4% |
| Volatility (ann.) | 261.5% | 134.9% |
| Beta vs S&P 500 | 1.57 | 0.12 |
| Max drawdown (3Y) | -94.5% | -97.3% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | QTTB |
|---|---|---|
| 2022 | – | -65.4% |
| 2023 | – | -51.7% |
| 2024 | +380.5% | -68.6% |
| 2025 | -38.5% | -3.5% |
| 2026 | -31.0% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and QTTB good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between LAES and QTTB?
The LAES/QTTB correlation stands at -0.26 on a 3-year window (1 year: 0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QTTB a good diversifier for LAES?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/laes-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/laes-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAES correlations · QTTB correlations
