QUBT vs WHWK: Correlation
Quantum Computing Inc. (QUBT) and Whitehawk Therapeutics, Inc. (WHWK) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUBT and WHWK?
Across a 3-year window, the weekly returns of QUBT and WHWK correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 3899.8 %².
Among the 20 assets we track against QUBT, WHWK ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WHWK ahead by 210.7 points (-41.6% versus +169.1%). One caveat on sizing: QUBT is 2.3 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 WHWK: side by side
| QUBT (Quantum Computing Inc.) | WHWK (Whitehawk Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -41.6% | +169.1% |
| 5-year return | +13.8% | -80.9% |
| Volatility (ann.) | 160.7% | 69.1% |
| Beta vs S&P 500 | 2.31 | 1.03 |
| Max drawdown (3Y) | -82.4% | -80.6% |
| Market cap | $2.0B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QUBT | WHWK |
|---|---|---|
| 2022 | -55.7% | -46.9% |
| 2023 | -39.5% | -84.3% |
| 2024 | +1712.7% | +56.2% |
| 2025 | -38.0% | -23.3% |
| 2026 | -15.7% | +101.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUBT and WHWK 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 QUBT and WHWK?
The QUBT/WHWK correlation stands at 0.35 on a 3-year window (1 year: 0.40, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is WHWK a good diversifier for QUBT?
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?
On the −1 to +1 scale, 0.35 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.
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Related comparisons
Hubs: QUBT correlations · WHWK correlations
