QTRX vs YYAI: Correlation
How closely do Quanterix Corporation (QTRX) and AiRWA Inc. (YYAI) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTRX and YYAI?
Across a 3-year window, the weekly returns of QTRX and YYAI correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.29 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -17847.8 %².
Out of 12 assets tracked against QTRX, YYAI lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months QTRX outperformed by 57.3 percentage points (-42.7% for QTRX against -100.0% for YYAI). Risk is not evenly split, since YYAI carries 11.6 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.
QTRX vs YYAI: side by side
| QTRX (Quanterix Corporation) | YYAI (AiRWA Inc.) | |
|---|---|---|
| 1-year return | -42.7% | -100.0% |
| 5-year return | -94.7% | -100.0% |
| Volatility (ann.) | 73.1% | 848.8% |
| Beta vs S&P 500 | 1.18 | -0.53 |
| Max drawdown (3Y) | -91.6% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTRX | YYAI |
|---|---|---|
| 2022 | -67.3% | -98.6% |
| 2023 | +97.4% | -97.8% |
| 2024 | -61.1% | -69.5% |
| 2025 | -40.2% | -98.7% |
| 2026 | -58.5% | -96.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTRX and YYAI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QTRX and YYAI?
As of 2026-08-27, the correlation of weekly returns between QTRX and YYAI is -0.29 over 3 years, -0.41 over 1 year and -0.20 over 5 years.
Is YYAI a good diversifier for QTRX?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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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Related comparisons
Hubs: QTRX correlations · YYAI correlations
