Qubic (QUBIC) is 94.1× the size of qONE (QONE) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 45 shared trading days). QONE has been the more volatile of the two, at 114% annualised against QUBIC's 79%.
QONEQUBIC
0.19over 45 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | QONE | QUBIC |
|---|---|---|
| Max drawdown (400d) | -80.1% | -21.6% |
| Risk-adjusted return (90d) | 0.00 | -0.03 |
Relative strength over 90 days: QUBIC outperformed QONE by 11.9% — measured on the QONE/QUBIC ratio, so it holds regardless of market direction.