QURE vs SLNH: Correlation
How closely do uniQure N.V. (QURE) and Soluna Holdings, Inc. (SLNH) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QURE and SLNH?
Over the past 3 years, QURE and SLNH moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.42 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 16202.3 %².
Within QURE's tracked universe of 14 assets, SLNH comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QURE outperformed by 66.8 percentage points (+214.7% for QURE against +147.9% for SLNH).
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.
QURE vs SLNH: side by side
| QURE (uniQure N.V.) | SLNH (Soluna Holdings, Inc.) | |
|---|---|---|
| 1-year return | +214.7% | +147.9% |
| 5-year return | +72.6% | -99.5% |
| Volatility (ann.) | 215.4% | 179.3% |
| Beta vs S&P 500 | 1.70 | 3.25 |
| Max drawdown (3Y) | -87.2% | -94.8% |
| Market cap | $3.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QURE | SLNH |
|---|---|---|
| 2022 | +9.3% | -97.6% |
| 2023 | -70.1% | -38.5% |
| 2024 | +160.9% | -47.5% |
| 2025 | +35.5% | -44.3% |
| 2026 | +107.1% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QURE and SLNH good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QURE and SLNH?
As of 2026-08-27, the correlation of weekly returns between QURE and SLNH is 0.42 over 3 years, 0.67 over 1 year and 0.39 over 5 years.
Is SLNH a good diversifier for QURE?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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
$ curl https://www.pairbook.io/api/v1/pairs/qure-vs-slnh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qure-vs-slnh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QURE correlations · SLNH correlations
