PSNL vs QXL: Correlation
Personalis, Inc. (PSNL) and Quantum X Labs Inc. (QXL) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSNL and QXL?
On 3 years of weekly data the PSNL/QXL correlation comes out at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.57 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 53658.5 %².
Few assets follow PSNL as closely as QXL, which ranks #1 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with PSNL ahead by 197.9 points (+251.5% versus +53.6%). One caveat on sizing: QXL is 5.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PSNL vs QXL: side by side
| PSNL (Personalis, Inc.) | QXL (Quantum X Labs Inc.) | |
|---|---|---|
| 1-year return | +251.5% | +53.6% |
| 5-year return | -19.1% | +14.0% |
| Volatility (ann.) | 130.7% | 724.3% |
| Beta vs S&P 500 | 1.14 | -2.23 |
| Max drawdown (3Y) | -55.2% | -96.2% |
| Market cap | $1.8B | $0.1B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSNL | QXL |
|---|---|---|
| 2022 | -86.1% | -78.8% |
| 2023 | +6.1% | -80.2% |
| 2024 | +175.2% | +1032.7% |
| 2025 | +37.7% | -70.1% |
| 2026 | +111.1% | +207.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSNL and QXL good diversifiers for each other?
Only partially. A correlation of 0.57 means PSNL and QXL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PSNL and QXL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.27 over the last year and 0.46 over 5 years.
Is QXL a good diversifier for PSNL?
Only partially. A correlation of 0.57 means PSNL and QXL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/psnl-vs-qxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psnl-vs-qxl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSNL correlations · QXL correlations
