QXL vs SDST: Correlation
Measured on weekly returns over the past three years, Quantum X Labs Inc. (QXL) and Stardust Power Inc. (SDST) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QXL and SDST?
Across a 3-year window, the weekly returns of QXL and SDST correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.46 over 3 years. Stretching to 5 years gives 0.43, with an annualized covariance of 43218.5 %².
By 3-year correlation, SDST places #8 of the 21 assets tracked against QXL. Correlation aside, the last 12 months split them widely, with QXL ahead by 144.3 points (+53.6% versus -90.7%). Risk is not evenly split, since QXL carries 5.6 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 SDST: side by side
| QXL (Quantum X Labs Inc.) | SDST (Stardust Power Inc.) | |
|---|---|---|
| 1-year return | +53.6% | -90.7% |
| 5-year return | +14.0% | -99.6% |
| Volatility (ann.) | 724.3% | 130.1% |
| Beta vs S&P 500 | -2.23 | 1.23 |
| Max drawdown (3Y) | -96.2% | -99.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QXL | SDST |
|---|---|---|
| 2022 | -78.8% | +4.1% |
| 2023 | -80.2% | +9.5% |
| 2024 | +1032.7% | -67.7% |
| 2025 | -70.1% | -91.5% |
| 2026 | +207.2% | -87.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QXL and SDST good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QXL and SDST?
As of 2026-08-27, the correlation of weekly returns between QXL and SDST is 0.46 over 3 years, 0.26 over 1 year and 0.43 over 5 years.
Is SDST a good diversifier for QXL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-sdst.json
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Related comparisons
Hubs: QXL correlations · SDST correlations
