QUCY vs TPL: Correlation
Measured on weekly returns over the past three years, Quantum Cyber N.V. (QUCY) and Texas Pacific Land Corporation (TPL) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUCY and TPL?
Across a 3-year window, the weekly returns of QUCY and TPL correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.16, with an annualized covariance of -18227.4 %².
Among the 30 assets we track against QUCY, TPL ranks #18 by 3-year correlation. The last year tells two different stories: TPL led by 32.1 percentage points, -9.3% for QUCY against +22.8% for TPL. One caveat on sizing: QUCY is 36.8 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 TPL: side by side
| QUCY (Quantum Cyber N.V.) | TPL (Texas Pacific Land Corporation) | |
|---|---|---|
| 1-year return | -9.3% | +22.8% |
| 5-year return | -94.4% | +149.6% |
| Volatility (ann.) | 1840.9% | 50.0% |
| Beta vs S&P 500 | 3.76 | 0.62 |
| Max drawdown (3Y) | -95.9% | -52.2% |
| Market cap | $0.1B | $25.5B |
| P/E (trailing) | – | 47.2 |
| Dividend yield | 0.00% | 0.61% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | QUCY | TPL |
|---|---|---|
| 2022 | -31.7% | +91.3% |
| 2023 | -83.7% | -32.4% |
| 2024 | +272.4% | +115.3% |
| 2025 | -74.1% | -21.6% |
| 2026 | +31.3% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUCY and TPL good diversifiers for each other?
Yes. With a correlation of -0.20, QUCY and TPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QUCY and TPL?
The QUCY/TPL correlation stands at -0.20 on a 3-year window (1 year: -0.07, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is TPL a good diversifier for QUCY?
Yes. With a correlation of -0.20, QUCY and TPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: QUCY correlations · TPL correlations
