QNCX vs RITM: Correlation
How closely do Quince Therapeutics, Inc. (QNCX) and Rithm Capital Corp. (RITM) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNCX and RITM?
Across a 3-year window, the weekly returns of QNCX and RITM correlate at 0.31, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.31). Stretching to 5 years gives 0.23, with an annualized covariance of 731.4 %².
Few assets follow QNCX as closely as RITM, which ranks #3 of 17 tracked partners. The last year tells two different stories: RITM led by 79.0 percentage points, -89.6% for QNCX against -10.6% for RITM. Risk is not evenly split, since QNCX carries 5.3 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.
QNCX vs RITM: side by side
| QNCX (Quince Therapeutics, Inc.) | RITM (Rithm Capital Corp.) | |
|---|---|---|
| 1-year return | -89.6% | -10.6% |
| 5-year return | -99.8% | +53.6% |
| Volatility (ann.) | 111.4% | 20.9% |
| Beta vs S&P 500 | 0.55 | 0.67 |
| Max drawdown (3Y) | -98.2% | -27.3% |
| Market cap | – | $5.6B |
| P/E (trailing) | – | 16.7 |
| Dividend yield | 0.00% | 9.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNCX | RITM |
|---|---|---|
| 2022 | -95.0% | -14.4% |
| 2023 | +64.8% | +45.6% |
| 2024 | +78.1% | +11.1% |
| 2025 | +79.1% | +10.1% |
| 2026 | -95.1% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNCX and RITM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QNCX and RITM?
The QNCX/RITM correlation stands at 0.31 on a 3-year window (1 year: 0.54, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is RITM a good diversifier for QNCX?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
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Related comparisons
Hubs: QNCX correlations · RITM correlations
