QTTB vs WKHS: Correlation
How closely do Q32 Bio Inc. (QTTB) and Workhorse Group, Inc. (WKHS) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTTB and WKHS?
Over the past 3 years, QTTB and WKHS moved with a correlation of 0.35, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.35 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 7396.9 %².
By 3-year correlation, WKHS places #5 of the 17 assets tracked against QTTB. Correlation aside, the last 12 months split them widely, with QTTB ahead by 919.6 points (+839.0% versus -80.6%).
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 WKHS: side by side
| QTTB (Q32 Bio Inc.) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | +839.0% | -80.6% |
| 5-year return | -87.4% | -100.0% |
| Volatility (ann.) | 134.9% | 157.8% |
| Beta vs S&P 500 | 0.12 | 1.44 |
| Max drawdown (3Y) | -97.3% | -99.9% |
| Market cap | $0.5B | – |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTTB | WKHS |
|---|---|---|
| 2022 | -65.4% | -65.1% |
| 2023 | -51.7% | -76.3% |
| 2024 | -68.6% | -90.3% |
| 2025 | -3.5% | -95.1% |
| 2026 | +386.4% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTTB and WKHS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QTTB and WKHS?
As of 2026-08-27, the correlation of weekly returns between QTTB and WKHS is 0.35 over 3 years, 0.07 over 1 year and 0.37 over 5 years.
Is WKHS a good diversifier for QTTB?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
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/qttb-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qttb-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QTTB correlations · WKHS correlations
