QS vs TAOX: Correlation
Measured on weekly returns over the past three years, QuantumScape Corporation (QS) and Tao Synergies Inc. (TAOX) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QS and TAOX?
Over the past 3 years, QS and TAOX moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2911.2 %².
Within QS's tracked universe of 18 assets, TAOX comes in at #13 by 3-year correlation. On 12-month performance QS holds a 11.6-point edge, -26.6% against -38.2%.
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.
QS vs TAOX: side by side
| QS (QuantumScape Corporation) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | -26.6% | -38.2% |
| 5-year return | -72.4% | -97.5% |
| Volatility (ann.) | 90.7% | 92.9% |
| Beta vs S&P 500 | 2.17 | 1.78 |
| Max drawdown (3Y) | -73.5% | -84.6% |
| Market cap | $3.6B | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QS | TAOX |
|---|---|---|
| 2022 | -74.4% | -86.4% |
| 2023 | +22.6% | -76.6% |
| 2024 | -25.3% | -49.0% |
| 2025 | +100.8% | +6.1% |
| 2026 | -43.4% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QS and TAOX good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QS and TAOX?
As of 2026-08-27, the correlation of weekly returns between QS and TAOX is 0.35 over 3 years, 0.22 over 1 year and 0.37 over 5 years.
Is TAOX a good diversifier for QS?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/qs-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qs-vs-taox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QS correlations · TAOX correlations
