ONDS vs QSI: Correlation
Ondas Inc (ONDS) and Quantum-Si Incorporated (QSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONDS and QSI?
On 3 years of weekly data the ONDS/QSI correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.38). The 5-year figure is 0.40, and annualized covariance runs at 7869.5 %².
Among the 10 assets we track against ONDS, QSI ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ONDS ahead by 103.4 points (+72.6% versus -30.8%).
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.
ONDS vs QSI: side by side
| ONDS (Ondas Inc) | QSI (Quantum-Si Incorporated) | |
|---|---|---|
| 1-year return | +72.6% | -30.8% |
| 5-year return | +23.8% | -91.5% |
| Volatility (ann.) | 135.8% | 152.9% |
| Beta vs S&P 500 | 2.31 | 2.93 |
| Max drawdown (3Y) | -75.8% | -83.6% |
| Market cap | $5.0B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONDS | QSI |
|---|---|---|
| 2022 | -76.3% | -76.7% |
| 2023 | -3.8% | +9.8% |
| 2024 | +67.3% | +34.3% |
| 2025 | +281.3% | -59.3% |
| 2026 | -10.3% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONDS and QSI good diversifiers for each other?
Reasonably. At 0.38, ONDS and QSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ONDS and QSI?
The ONDS/QSI correlation stands at 0.38 on a 3-year window (1 year: 0.22, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QSI a good diversifier for ONDS?
Reasonably. At 0.38, ONDS and QSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/onds-vs-qsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onds-vs-qsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ONDS correlations · QSI correlations
