QXL vs SCHW: Correlation
Measured on weekly returns over the past three years, Quantum X Labs Inc. (QXL) and Charles Schwab Corporation (SCHW) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QXL and SCHW?
On 3 years of weekly data the QXL/SCHW correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.30 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -6051.6 %².
Out of 21 assets tracked against QXL, SCHW lands near the bottom at #20. The last year tells two different stories: QXL led by 40.6 percentage points, +53.6% for QXL against +13.0% for SCHW. One caveat on sizing: QXL is 26.1 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.
QXL vs SCHW: side by side
| QXL (Quantum X Labs Inc.) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +53.6% | +13.0% |
| 5-year return | +14.0% | +57.3% |
| Volatility (ann.) | 724.3% | 27.8% |
| Beta vs S&P 500 | -2.23 | 0.93 |
| Max drawdown (3Y) | -96.2% | -21.4% |
| Market cap | $0.1B | $186.9B |
| P/E (trailing) | 13.4 | 19.9 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | QXL | SCHW |
|---|---|---|
| 2022 | -78.8% | +0.1% |
| 2023 | -80.2% | -16.0% |
| 2024 | +1032.7% | +9.2% |
| 2025 | -70.1% | +36.6% |
| 2026 | +207.2% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QXL and SCHW good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QXL and SCHW?
As of 2026-08-27, the correlation of weekly returns between QXL and SCHW is -0.30 over 3 years, -0.09 over 1 year and -0.18 over 5 years.
Is SCHW a good diversifier for QXL?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qxl-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QXL correlations · SCHW correlations
