QMCO vs XCUR: Correlation
Quantum Corporation (QMCO) and Exicure, Inc. (XCUR) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QMCO and XCUR?
Over the past 3 years, QMCO and XCUR moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.52 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 34554.7 %².
Within QMCO's tracked universe of 13 assets, XCUR comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QMCO ahead by 296.7 points (+221.4% versus -75.3%). Risk is not evenly split, since XCUR carries 1.7 times the volatility of the other side.
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 XCUR: side by side
| QMCO (Quantum Corporation) | XCUR (Exicure, Inc.) | |
|---|---|---|
| 1-year return | +221.4% | -75.3% |
| 5-year return | -80.7% | -99.3% |
| Volatility (ann.) | 196.4% | 341.3% |
| Beta vs S&P 500 | 2.45 | 0.92 |
| Max drawdown (3Y) | -93.9% | -96.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QMCO | XCUR |
|---|---|---|
| 2022 | -80.3% | -81.0% |
| 2023 | -67.9% | -49.6% |
| 2024 | +670.3% | +371.4% |
| 2025 | -88.0% | -60.4% |
| 2026 | +265.3% | -74.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QMCO and XCUR good diversifiers for each other?
Only partially. A correlation of 0.52 means QMCO and XCUR 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 QMCO and XCUR?
As of 2026-08-27, the correlation of weekly returns between QMCO and XCUR is 0.52 over 3 years, 0.05 over 1 year and 0.49 over 5 years.
Is XCUR a good diversifier for QMCO?
Only partially. A correlation of 0.52 means QMCO and XCUR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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-xcur.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qmco-vs-xcur/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QMCO correlations · XCUR correlations
