QUBT vs RCAT: Correlation
Quantum Computing Inc. (QUBT) and Red Cat Holdings, Inc. (RCAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUBT and RCAT?
On 3 years of weekly data the QUBT/RCAT correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 8437.2 %².
Within QUBT's tracked universe of 20 assets, RCAT comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RCAT ahead by 45.0 points (-41.6% versus +3.4%).
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.
QUBT vs RCAT: side by side
| QUBT (Quantum Computing Inc.) | RCAT (Red Cat Holdings, Inc.) | |
|---|---|---|
| 1-year return | -41.6% | +3.4% |
| 5-year return | +13.8% | +239.9% |
| Volatility (ann.) | 160.7% | 121.3% |
| Beta vs S&P 500 | 2.31 | 1.43 |
| Max drawdown (3Y) | -82.4% | -67.2% |
| Market cap | $2.0B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QUBT | RCAT |
|---|---|---|
| 2022 | -55.7% | -54.8% |
| 2023 | -39.5% | -6.4% |
| 2024 | +1712.7% | +1360.2% |
| 2025 | -38.0% | -38.3% |
| 2026 | -15.7% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUBT and RCAT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QUBT and RCAT?
As of 2026-08-27, the correlation of weekly returns between QUBT and RCAT is 0.43 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is RCAT a good diversifier for QUBT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/qubt-vs-rcat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qubt-vs-rcat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QUBT correlations · RCAT correlations
