QXL vs TKO: Correlation
Measured on weekly returns over the past three years, Quantum X Labs Inc. (QXL) and TKO Group Holdings (TKO) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QXL and TKO?
On 3 years of weekly data the QXL/TKO correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -3649.0 %².
Within QXL's tracked universe of 21 assets, TKO comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QXL ahead by 52.8 points (+53.6% versus +0.8%). Note the risk asymmetry: QXL runs 22.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TKO: side by side
| QXL (Quantum X Labs Inc.) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +53.6% | +0.8% |
| 5-year return | +14.0% | +281.8% |
| Volatility (ann.) | 724.3% | 32.1% |
| Beta vs S&P 500 | -2.23 | 0.70 |
| Max drawdown (3Y) | -96.2% | -34.8% |
| Market cap | $0.1B | $34.9B |
| P/E (trailing) | 13.4 | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | QXL | TKO |
|---|---|---|
| 2022 | -78.8% | +39.9% |
| 2023 | -80.2% | +23.9% |
| 2024 | +1032.7% | +74.2% |
| 2025 | -70.1% | +48.9% |
| 2026 | +207.2% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QXL and TKO good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QXL and TKO?
As of 2026-08-27, the correlation of weekly returns between QXL and TKO is -0.16 over 3 years, -0.09 over 1 year and -0.10 over 5 years.
Is TKO a good diversifier for QXL?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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/qxl-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qxl-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QXL correlations · TKO correlations
