QMCO vs QUBT: Correlation
Quantum Corporation (QMCO) and Quantum Computing Inc. (QUBT) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QMCO and QUBT?
Across a 3-year window, the weekly returns of QMCO and QUBT correlate at 0.58, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.58). Stretching to 5 years gives 0.53, with an annualized covariance of 18273.0 %².
Few assets follow QMCO as closely as QUBT, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months QMCO outperformed by 263.0 percentage points (+221.4% for QMCO against -41.6% for QUBT).
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.
QMCO vs QUBT: side by side
| QMCO (Quantum Corporation) | QUBT (Quantum Computing Inc.) | |
|---|---|---|
| 1-year return | +221.4% | -41.6% |
| 5-year return | -80.7% | +13.8% |
| Volatility (ann.) | 196.4% | 160.7% |
| Beta vs S&P 500 | 2.45 | 2.31 |
| Max drawdown (3Y) | -93.9% | -82.4% |
| Market cap | $0.9B | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QMCO | QUBT |
|---|---|---|
| 2022 | -80.3% | -55.7% |
| 2023 | -67.9% | -39.5% |
| 2024 | +670.3% | +1712.7% |
| 2025 | -88.0% | -38.0% |
| 2026 | +265.3% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QMCO and QUBT good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QMCO and QUBT?
As of 2026-08-27, the correlation of weekly returns between QMCO and QUBT is 0.58 over 3 years, 0.40 over 1 year and 0.53 over 5 years.
Is QUBT a good diversifier for QMCO?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qmco-vs-qubt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qmco-vs-qubt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QMCO correlations · QUBT correlations
