OMER vs QUBT: Correlation
How closely do Omeros Corporation (OMER) and Quantum Computing Inc. (QUBT) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMER and QUBT?
Across a 3-year window, the weekly returns of OMER and QUBT correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.36). Stretching to 5 years gives 0.28, with an annualized covariance of 6970.8 %².
Among the 13 assets we track against OMER, QUBT ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OMER outperformed by 394.5 percentage points (+352.9% for OMER against -41.6% for QUBT).
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.
OMER vs QUBT: side by side
| OMER (Omeros Corporation) | QUBT (Quantum Computing Inc.) | |
|---|---|---|
| 1-year return | +352.9% | -41.6% |
| 5-year return | +22.7% | +13.8% |
| Volatility (ann.) | 119.0% | 160.7% |
| Beta vs S&P 500 | 1.80 | 2.31 |
| Max drawdown (3Y) | -75.6% | -82.4% |
| Market cap | $1.4B | $2.0B |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMER | QUBT |
|---|---|---|
| 2022 | -64.9% | -55.7% |
| 2023 | +44.7% | -39.5% |
| 2024 | +202.1% | +1712.7% |
| 2025 | +73.9% | -38.0% |
| 2026 | +12.0% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMER and QUBT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OMER and QUBT?
As of 2026-08-27, the correlation of weekly returns between OMER and QUBT is 0.36 over 3 years, 0.11 over 1 year and 0.28 over 5 years.
Is QUBT a good diversifier for OMER?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/omer-vs-qubt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/omer-vs-qubt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMER correlations · QUBT correlations
