QCLS vs WRB: Correlation
Measured on weekly returns over the past three years, Q/C Technologies, Inc. (QCLS) and W. R. Berkley Corporation (WRB) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCLS and WRB?
Over the past 3 years, QCLS and WRB moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.37 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -903.3 %².
Out of 16 assets tracked against QCLS, WRB lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with WRB ahead by 71.7 points (-73.7% versus -2.0%). Note the risk asymmetry: QCLS runs 4.8 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.
QCLS vs WRB: side by side
| QCLS (Q/C Technologies, Inc.) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | -73.7% | -2.0% |
| 5-year return | -100.0% | +130.5% |
| Volatility (ann.) | 108.9% | 22.5% |
| Beta vs S&P 500 | 0.87 | 0.19 |
| Max drawdown (3Y) | -99.9% | -17.6% |
| Market cap | – | $25.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | QCLS | WRB |
|---|---|---|
| 2022 | -81.0% | +33.9% |
| 2023 | -77.5% | +0.2% |
| 2024 | -85.2% | +27.2% |
| 2025 | -96.5% | +23.0% |
| 2026 | -40.6% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCLS and WRB good diversifiers for each other?
Yes. With a correlation of -0.37, QCLS and WRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QCLS and WRB?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.51 over the last year and -0.21 over 5 years.
Is WRB a good diversifier for QCLS?
Yes. With a correlation of -0.37, QCLS and WRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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
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Related comparisons
Hubs: QCLS correlations · WRB correlations
