PPL vs QCLS: Correlation
Measured on weekly returns over the past three years, PPL Corporation (PPL) and Q/C Technologies, Inc. (QCLS) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPL and QCLS?
Across a 3-year window, the weekly returns of PPL and QCLS correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.15, with an annualized covariance of -444.4 %².
Out of 44 assets tracked against PPL, QCLS lands near the bottom at #40. Correlation aside, the last 12 months split them widely, with PPL ahead by 70.7 points (-3.0% versus -73.7%). Note the risk asymmetry: QCLS runs 6.3 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.
PPL vs QCLS: side by side
| PPL (PPL Corporation) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | -3.0% | -73.7% |
| 5-year return | +41.1% | -100.0% |
| Volatility (ann.) | 17.4% | 108.9% |
| Beta vs S&P 500 | 0.13 | 0.87 |
| Max drawdown (3Y) | -13.3% | -99.9% |
| Market cap | $25.9B | – |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 3.18% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PPL | QCLS |
|---|---|---|
| 2022 | +0.4% | -81.0% |
| 2023 | -3.8% | -77.5% |
| 2024 | +24.0% | -85.2% |
| 2025 | +11.4% | -96.5% |
| 2026 | -0.1% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPL and QCLS good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PPL and QCLS?
The PPL/QCLS correlation stands at -0.23 on a 3-year window (1 year: -0.34, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is QCLS a good diversifier for PPL?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/ppl-vs-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppl-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPL correlations · QCLS correlations
