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QSI vs RUM: Correlation

Measured on weekly returns over the past three years, Quantum-Si Incorporated (QSI) and RUM Group Inc. (RUM) carry a correlation of 0.62, a strong link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.62
strong
Correlation (1Y)
0.58
last 12 months
Correlation (5Y)
0.53
long-run
Ann. covariance
9565.9
%² · weekly, annualized

How correlated are QSI and RUM?

Over the past 3 years, QSI and RUM moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 9565.9 %².

Among the 25 assets we track against QSI, RUM ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RUM ahead by 55.7 points (-30.8% versus +24.9%). Note the risk asymmetry: QSI runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.

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.

QSI vs RUM: side by side

QSI (Quantum-Si Incorporated)RUM (RUM Group Inc.)
1-year return-30.8%+24.9%
5-year return-91.5%-2.7%
Volatility (ann.)152.9%100.2%
Beta vs S&P 5002.932.14
Max drawdown (3Y)-83.6%-71.3%
Market cap$0.2B$4.7B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: RUM -71.3% vs -83.6%Higher 5y return: RUM -2.7% vs -91.5%
-34%0%+112%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. QSI · RUM

Year-by-year returns

YearQSIRUM
2022-76.7%-45.1%
2023+9.8%-24.5%
2024+34.3%+189.8%
2025-59.3%-51.4%
2026-27.0%+49.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are QSI and RUM good diversifiers for each other?

Only partially. A correlation of 0.62 means QSI and RUM 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 QSI and RUM?

As of 2026-08-27, the correlation of weekly returns between QSI and RUM is 0.62 over 3 years, 0.58 over 1 year and 0.53 over 5 years.

Is RUM a good diversifier for QSI?

Only partially. A correlation of 0.62 means QSI and RUM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.

What does a correlation of 0.62 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.

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QSI vs RUM: 3-year weekly correlation 0.62QSI vs RUM0.62

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Related comparisons

Hubs: QSI correlations · RUM correlations