MSLE vs QTTB: Correlation
How closely do Satellos Bioscience Inc. (MSLE) and Q32 Bio Inc. (QTTB) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSLE and QTTB?
Over the past 3 years, MSLE and QTTB moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -2655.8 %².
Among the 10 assets we track against MSLE, QTTB sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months QTTB outperformed by 757.0 percentage points (+82.0% for MSLE against +839.0% for QTTB). Note the risk asymmetry: QTTB runs 1.7 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.
MSLE vs QTTB: side by side
| MSLE (Satellos Bioscience Inc.) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | +82.0% | +839.0% |
| 5-year return | -36.4% | -87.4% |
| Volatility (ann.) | 80.3% | 134.9% |
| Beta vs S&P 500 | 0.86 | 0.12 |
| Max drawdown (3Y) | -57.0% | -97.3% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSLE | QTTB |
|---|---|---|
| 2022 | -78.8% | -65.4% |
| 2023 | +89.0% | -51.7% |
| 2024 | +81.5% | -68.6% |
| 2025 | -16.9% | -3.5% |
| 2026 | +63.4% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSLE and QTTB good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between MSLE and QTTB?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.16 over the last year and -0.01 over 5 years.
Is QTTB a good diversifier for MSLE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/msle-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msle-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSLE correlations · QTTB correlations
