QMCO vs SIDU: Correlation
Measured on weekly returns over the past three years, Quantum Corporation (QMCO) and Sidus Space, Inc. (SIDU) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QMCO and SIDU?
On 3 years of weekly data the QMCO/SIDU correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.36). The 5-year figure is 0.23, and annualized covariance runs at 13504.8 %².
Among the 13 assets we track against QMCO, SIDU ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QMCO outperformed by 133.5 percentage points (+221.4% for QMCO against +87.9% for SIDU).
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 SIDU: side by side
| QMCO (Quantum Corporation) | SIDU (Sidus Space, Inc.) | |
|---|---|---|
| 1-year return | +221.4% | +87.9% |
| 5-year return | -80.7% | -99.8% |
| Volatility (ann.) | 196.4% | 190.7% |
| Beta vs S&P 500 | 2.45 | 1.29 |
| Max drawdown (3Y) | -93.9% | -96.6% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QMCO | SIDU |
|---|---|---|
| 2022 | -80.3% | -89.6% |
| 2023 | -67.9% | -91.9% |
| 2024 | +670.3% | -44.4% |
| 2025 | -88.0% | -35.9% |
| 2026 | +265.3% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QMCO and SIDU good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QMCO and SIDU?
The QMCO/SIDU correlation stands at 0.36 on a 3-year window (1 year: 0.08, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is SIDU a good diversifier for QMCO?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qmco-vs-sidu.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qmco-vs-sidu/)
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Related comparisons
Hubs: QMCO correlations · SIDU correlations
