PUMP vs QTI: Correlation
ProPetro Holding Corp. (PUMP) and QT Imaging Holdings, Inc. (QTI) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUMP and QTI?
On 3 years of weekly data the PUMP/QTI correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.28 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -1992.7 %².
Out of 28 assets tracked against PUMP, QTI lands near the bottom at #26. The last year tells two different stories: PUMP led by 219.8 percentage points, +128.2% for PUMP against -91.6% for QTI. Note the risk asymmetry: QTI runs 1.7 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.
PUMP vs QTI: side by side
| PUMP (ProPetro Holding Corp.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | +128.2% | -91.6% |
| 5-year return | +45.4% | -97.9% |
| Volatility (ann.) | 65.1% | 108.2% |
| Beta vs S&P 500 | 0.73 | 0.12 |
| Max drawdown (3Y) | -59.1% | -98.6% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PUMP | QTI |
|---|---|---|
| 2022 | +28.0% | +3.1% |
| 2023 | -19.2% | +7.7% |
| 2024 | +11.3% | -95.6% |
| 2025 | +1.9% | -16.7% |
| 2026 | +17.6% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUMP and QTI good diversifiers for each other?
Yes. With a correlation of -0.28, PUMP and QTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PUMP and QTI?
The PUMP/QTI correlation stands at -0.28 on a 3-year window (1 year: -0.57, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is QTI a good diversifier for PUMP?
Yes. With a correlation of -0.28, PUMP and QTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/pump-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pump-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PUMP correlations · QTI correlations
