PSKY vs QTTB: Correlation
Measured on weekly returns over the past three years, Paramount Skydance Corporation (PSKY) and Q32 Bio Inc. (QTTB) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and QTTB?
On 3 years of weekly data the PSKY/QTTB correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.15). The 5-year figure is -0.03, and annualized covariance runs at -1085.5 %².
By 3-year correlation, QTTB places #26 of the 32 assets tracked against PSKY. Their recent paths diverged sharply: over the last 12 months QTTB outperformed by 864.9 percentage points (-25.9% for PSKY against +839.0% for QTTB). Risk is not evenly split, since QTTB carries 2.5 times the volatility of the other side.
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.
PSKY vs QTTB: side by side
| PSKY (Paramount Skydance Corporation) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | -25.9% | +839.0% |
| 5-year return | -69.8% | -87.4% |
| Volatility (ann.) | 54.4% | 134.9% |
| Beta vs S&P 500 | 0.92 | 0.12 |
| Max drawdown (3Y) | -59.9% | -97.3% |
| Market cap | $12.1B | $0.5B |
| P/E (trailing) | 360.0 | 5.2 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | PSKY | QTTB |
|---|---|---|
| 2022 | -41.8% | -65.4% |
| 2023 | -10.4% | -51.7% |
| 2024 | -28.0% | -68.6% |
| 2025 | +30.0% | -3.5% |
| 2026 | -18.6% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and QTTB good diversifiers for each other?
Yes. With a correlation of -0.15, PSKY and QTTB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PSKY and QTTB?
As of 2026-08-27, the correlation of weekly returns between PSKY and QTTB is -0.15 over 3 years, -0.30 over 1 year and -0.03 over 5 years.
Is QTTB a good diversifier for PSKY?
Yes. With a correlation of -0.15, PSKY and QTTB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/psky-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psky-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSKY correlations · QTTB correlations
