QXL vs RJF: Correlation
How closely do Quantum X Labs Inc. (QXL) and Raymond James Financial (RJF) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QXL and RJF?
Over the past 3 years, QXL and RJF moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.20). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -3571.4 %².
By 3-year correlation, RJF places #15 of the 21 assets tracked against QXL. Their recent paths diverged sharply: over the last 12 months QXL outperformed by 47.3 percentage points (+53.6% for QXL against +6.3% for RJF). Risk is not evenly split, since QXL carries 29.2 times the volatility of the other side.
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.
QXL vs RJF: side by side
| QXL (Quantum X Labs Inc.) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | +53.6% | +6.3% |
| 5-year return | +14.0% | +102.1% |
| Volatility (ann.) | 724.3% | 24.8% |
| Beta vs S&P 500 | -2.23 | 1.03 |
| Max drawdown (3Y) | -96.2% | -28.1% |
| Market cap | $0.1B | $33.8B |
| P/E (trailing) | 13.4 | 15.4 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | QXL | RJF |
|---|---|---|
| 2022 | -78.8% | +8.3% |
| 2023 | -80.2% | +6.1% |
| 2024 | +1032.7% | +40.8% |
| 2025 | -70.1% | +4.7% |
| 2026 | +207.2% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QXL and RJF good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QXL and RJF?
The QXL/RJF correlation stands at -0.20 on a 3-year window (1 year: -0.04, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is RJF a good diversifier for QXL?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/qxl-vs-rjf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qxl-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QXL correlations · RJF correlations
