QTTB vs VRRM: Correlation
How closely do Q32 Bio Inc. (QTTB) and Verra Mobility Corporation (VRRM) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTTB and VRRM?
Over the past 3 years, QTTB and VRRM moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1926.9 %².
VRRM is close to the least connected end of QTTB's tracked universe, ranking #16 of 17. The last year tells two different stories: QTTB led by 921.6 percentage points, +839.0% for QTTB against -82.6% for VRRM. Risk is not evenly split, since QTTB carries 2.7 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.
QTTB vs VRRM: side by side
| QTTB (Q32 Bio Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | +839.0% | -82.6% |
| 5-year return | -87.4% | -71.6% |
| Volatility (ann.) | 134.9% | 50.8% |
| Beta vs S&P 500 | 0.12 | 0.33 |
| Max drawdown (3Y) | -97.3% | -87.5% |
| Market cap | $0.5B | $0.7B |
| P/E (trailing) | 5.2 | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTTB | VRRM |
|---|---|---|
| 2022 | -65.4% | -10.4% |
| 2023 | -51.7% | +66.5% |
| 2024 | -68.6% | +5.0% |
| 2025 | -3.5% | -7.3% |
| 2026 | +386.4% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTTB and VRRM good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QTTB and VRRM?
As of 2026-08-27, the correlation of weekly returns between QTTB and VRRM is -0.28 over 3 years, -0.50 over 1 year and -0.19 over 5 years.
Is VRRM a good diversifier for QTTB?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qttb-vs-vrrm.json
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[](https://www.pairbook.io/pair/qttb-vs-vrrm/)
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Related comparisons
Hubs: QTTB correlations · VRRM correlations
