LCID vs QS: Correlation
Measured on weekly returns over the past three years, Lucid Group, Inc. (LCID) and QuantumScape Corporation (QS) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCID and QS?
Over the past 3 years, LCID and QS moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 3680.1 %².
In LCID's tracked universe of 10 assets, QS sits right near the top at #1. Correlation aside, the last 12 months split them widely, with QS ahead by 48.9 points (-75.5% versus -26.6%).
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.
LCID vs QS: side by side
| LCID (Lucid Group, Inc.) | QS (QuantumScape Corporation) | |
|---|---|---|
| 1-year return | -75.5% | -26.6% |
| 5-year return | -97.5% | -72.4% |
| Volatility (ann.) | 78.4% | 90.7% |
| Beta vs S&P 500 | 1.25 | 2.17 |
| Max drawdown (3Y) | -92.7% | -73.5% |
| Market cap | $2.0B | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCID | QS |
|---|---|---|
| 2022 | -82.0% | -74.4% |
| 2023 | -38.4% | +22.6% |
| 2024 | -28.3% | -25.3% |
| 2025 | -65.0% | +100.8% |
| 2026 | -51.8% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCID and QS good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LCID and QS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.27 over the last year and 0.54 over 5 years.
Is QS a good diversifier for LCID?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/lcid-vs-qs.json
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Related comparisons
Hubs: LCID correlations · QS correlations
