QUCY vs SWBI: Correlation
How closely do Quantum Cyber N.V. (QUCY) and Smith & Wesson Brands, Inc. (SWBI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUCY and SWBI?
On 3 years of weekly data the QUCY/SWBI correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.26 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -19017.6 %².
Among the 30 assets we track against QUCY, SWBI ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SWBI ahead by 75.7 points (-9.3% versus +66.4%). One caveat on sizing: QUCY is 46.3 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.
QUCY vs SWBI: side by side
| QUCY (Quantum Cyber N.V.) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | -9.3% | +66.4% |
| 5-year return | -94.4% | -34.9% |
| Volatility (ann.) | 1840.9% | 39.8% |
| Beta vs S&P 500 | 3.76 | 0.30 |
| Max drawdown (3Y) | -95.9% | -54.2% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.00% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QUCY | SWBI |
|---|---|---|
| 2022 | -31.7% | -49.6% |
| 2023 | -83.7% | +62.2% |
| 2024 | +272.4% | -22.5% |
| 2025 | -74.1% | +3.1% |
| 2026 | +31.3% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUCY and SWBI good diversifiers for each other?
Yes. With a correlation of -0.26, QUCY and SWBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QUCY and SWBI?
The QUCY/SWBI correlation stands at -0.26 on a 3-year window (1 year: 0.12, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is SWBI a good diversifier for QUCY?
Yes. With a correlation of -0.26, QUCY and SWBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/qucy-vs-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qucy-vs-swbi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QUCY correlations · SWBI correlations
