PDYN vs QSI: Correlation
Measured on weekly returns over the past three years, Palladyne AI Corp. (PDYN) and Quantum-Si Incorporated (QSI) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDYN and QSI?
On 3 years of weekly data the PDYN/QSI correlation comes out at 0.73, strong. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.73). The 5-year figure is 0.67, and annualized covariance runs at 22688.9 %².
In PDYN's tracked universe of 17 assets, QSI sits right near the top at #1. The trailing year gives PDYN the advantage: -21.9% versus -30.8%, a 8.9-point spread.
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.
PDYN vs QSI: side by side
| PDYN (Palladyne AI Corp.) | QSI (Quantum-Si Incorporated) | |
|---|---|---|
| 1-year return | -21.9% | -30.8% |
| 5-year return | -88.8% | -91.5% |
| Volatility (ann.) | 204.5% | 152.9% |
| Beta vs S&P 500 | 3.45 | 2.93 |
| Max drawdown (3Y) | -68.8% | -83.6% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDYN | QSI |
|---|---|---|
| 2022 | -94.4% | -76.7% |
| 2023 | -78.6% | +9.8% |
| 2024 | +1601.8% | +34.3% |
| 2025 | -65.3% | -59.3% |
| 2026 | +43.0% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDYN and QSI good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PDYN and QSI?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.38 over the last year and 0.67 over 5 years.
Is QSI a good diversifier for PDYN?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/pdyn-vs-qsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdyn-vs-qsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDYN correlations · QSI correlations
