QUBT vs SYPR: Correlation
How closely do Quantum Computing Inc. (QUBT) and Sypris Solutions, Inc. (SYPR) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUBT and SYPR?
Across a 3-year window, the weekly returns of QUBT and SYPR correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 3071.3 %².
Within QUBT's tracked universe of 20 assets, SYPR comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SYPR outperformed by 27.1 percentage points (-41.6% for QUBT against -14.5% for SYPR). One caveat on sizing: QUBT is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SYPR: side by side
| QUBT (Quantum Computing Inc.) | SYPR (Sypris Solutions, Inc.) | |
|---|---|---|
| 1-year return | -41.6% | -14.5% |
| 5-year return | +13.8% | -55.9% |
| Volatility (ann.) | 160.7% | 59.0% |
| Beta vs S&P 500 | 2.31 | 0.58 |
| Max drawdown (3Y) | -82.4% | -59.1% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QUBT | SYPR |
|---|---|---|
| 2022 | -55.7% | -16.7% |
| 2023 | -39.5% | -1.0% |
| 2024 | +1712.7% | -12.3% |
| 2025 | -38.0% | +37.1% |
| 2026 | -15.7% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUBT and SYPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QUBT and SYPR?
As of 2026-08-27, the correlation of weekly returns between QUBT and SYPR is 0.32 over 3 years, 0.32 over 1 year and 0.29 over 5 years.
Is SYPR a good diversifier for QUBT?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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-sypr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qubt-vs-sypr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QUBT correlations · SYPR correlations
