QNCX vs SMX: Correlation
How closely do Quince Therapeutics, Inc. (QNCX) and SMX (Security Matters) Public Limited Company (SMX) 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 SMX?
On 3 years of weekly data the QNCX/SMX correlation comes out at 0.31, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.31 over 3. The 5-year figure is 0.25, and annualized covariance runs at 29681.4 %².
Within QNCX's tracked universe of 17 assets, SMX comes in at #5 by 3-year correlation. On 12-month performance QNCX holds a 6.6-point edge, -89.6% against -96.2%. One caveat on sizing: SMX is 7.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SMX: side by side
| QNCX (Quince Therapeutics, Inc.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | -89.6% | -96.2% |
| 5-year return | -99.8% | -100.0% |
| Volatility (ann.) | 111.4% | 869.6% |
| Beta vs S&P 500 | 0.55 | 6.86 |
| Max drawdown (3Y) | -98.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNCX | SMX |
|---|---|---|
| 2022 | -95.0% | +3.5% |
| 2023 | +64.8% | -99.7% |
| 2024 | +78.1% | -98.9% |
| 2025 | +79.1% | -99.7% |
| 2026 | -95.1% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNCX and SMX good diversifiers for each other?
Reasonably. At 0.31, QNCX and SMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QNCX and SMX?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.40 over the last year and 0.25 over 5 years.
Is SMX a good diversifier for QNCX?
Reasonably. At 0.31, QNCX and SMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/qncx-vs-smx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qncx-vs-smx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QNCX correlations · SMX correlations
