QXL vs VIRT: Correlation
Quantum X Labs Inc. (QXL) and Virtu Financial, Inc. (VIRT) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QXL and VIRT?
Across a 3-year window, the weekly returns of QXL and VIRT correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.35, with an annualized covariance of 12708.4 %².
By 3-year correlation, VIRT places #6 of the 21 assets tracked against QXL. Over the last 12 months VIRT came out ahead by 6.9 percentage points (+53.6% against +60.5%). One caveat on sizing: QXL is 20.1 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 VIRT: side by side
| QXL (Quantum X Labs Inc.) | VIRT (Virtu Financial, Inc.) | |
|---|---|---|
| 1-year return | +53.6% | +60.5% |
| 5-year return | +14.0% | +221.4% |
| Volatility (ann.) | 724.3% | 36.1% |
| Beta vs S&P 500 | -2.23 | 0.38 |
| Max drawdown (3Y) | -96.2% | -27.8% |
| Market cap | $0.1B | $5.9B |
| P/E (trailing) | 13.4 | 11.1 |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QXL | VIRT |
|---|---|---|
| 2022 | -78.8% | -26.5% |
| 2023 | -80.2% | +4.6% |
| 2024 | +1032.7% | +83.0% |
| 2025 | -70.1% | -4.2% |
| 2026 | +207.2% | +103.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QXL and VIRT good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QXL and VIRT?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.08 over the last year and 0.35 over 5 years.
Is VIRT a good diversifier for QXL?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-virt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qxl-vs-virt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QXL correlations · VIRT correlations
