QUBT vs TNXP: Correlation
Measured on weekly returns over the past three years, Quantum Computing Inc. (QUBT) and Tonix Pharmaceuticals Holding Corp. (TNXP) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUBT and TNXP?
Over the past 3 years, QUBT and TNXP moved with a correlation of 0.48, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.48 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 12628.6 %².
Within QUBT's tracked universe of 20 assets, TNXP comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QUBT outperformed by 16.3 percentage points (-41.6% for QUBT against -57.9% for TNXP).
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 TNXP: side by side
| QUBT (Quantum Computing Inc.) | TNXP (Tonix Pharmaceuticals Holding Corp.) | |
|---|---|---|
| 1-year return | -41.6% | -57.9% |
| 5-year return | +13.8% | -100.0% |
| Volatility (ann.) | 160.7% | 164.8% |
| Beta vs S&P 500 | 2.31 | 1.57 |
| Max drawdown (3Y) | -82.4% | -99.8% |
| Market cap | $2.0B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QUBT | TNXP |
|---|---|---|
| 2022 | -55.7% | -96.6% |
| 2023 | -39.5% | -83.6% |
| 2024 | +1712.7% | -97.4% |
| 2025 | -38.0% | -52.7% |
| 2026 | -15.7% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUBT and TNXP good diversifiers for each other?
Reasonably. At 0.48, QUBT and TNXP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QUBT and TNXP?
As of 2026-08-27, the correlation of weekly returns between QUBT and TNXP is 0.48 over 3 years, 0.29 over 1 year and 0.42 over 5 years.
Is TNXP a good diversifier for QUBT?
Reasonably. At 0.48, QUBT and TNXP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qubt-vs-tnxp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qubt-vs-tnxp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QUBT correlations · TNXP correlations
