QTTB vs. AIR

Last updated Jun 5, 2026

QTTB (Q32 Bio Inc) and AIR (AAR Corp.) are both stocks. QTTB operates in Biotechnology (Healthcare), while AIR operates in Aerospace & Defense (Industrials). Over the past 5 years, QTTB returned -34.66%/yr vs 22.77%/yr for AIR. At a 0.18 correlation, their price movements are largely independent.

Performance

QTTB vs. AIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Q32 Bio Inc (QTTB) and AAR Corp. (AIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTTB achieves a 321.69% return, which is significantly higher than AIR's 39.55% return.

QTTB

• 1D: 14.85%
• 1M: 172.37%
• YTD: 321.69%
• 6M: 286.74%
• 1Y: 625.39%
• 3Y*: -7.73%
• 5Y*: -34.66%
• 10Y*: —

AIR

• 1D: 3.74%
• 1M: 3.24%
• YTD: 39.55%
• 6M: 37.88%
• 1Y: 76.87%
• 3Y*: 30.62%
• 5Y*: 22.77%
• 10Y*: 17.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QTTB vs. AIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QTTB Q32 Bio Inc	321.69%	-3.49%	-68.57%	-51.75%	-65.38%	-67.76%	-45.46%	-7.42%	19.83%
AIR AAR Corp.	39.55%	35.10%	-1.79%	38.98%	15.04%	7.76%	-19.25%	21.74%	-13.77%

Correlation

The correlation between QTTB and AIR is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018	0.18

Fundamentals

Market Cap QTTB : $197.34M AIR : $4.39B
EPS QTTB : $3.20 AIR : $4.63
PE Ratio QTTB : 4.38 AIR : 24.98
PS Ratio QTTB : 3.33 AIR : 1.36
PB Ratio QTTB : 4.26 AIR : 2.67
Total Revenue (TTM) QTTB : $53.74M AIR : $3.13B
Gross Profit (TTM) QTTB : $53.56M AIR : $595.50M
EBITDA (TTM) QTTB : $21.97M AIR : $214.30M

Return for Risk

QTTB vs. AIR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTTB

QTTB Risk / Return Rank: 96
QTTB Sharpe Ratio Rank: 95
QTTB Sortino Ratio Rank: 97
QTTB Omega Ratio Rank: 95
QTTB Calmar Ratio Rank: 98
QTTB Martin Ratio Rank: 96

AIR

AIR Risk / Return Rank: 85
AIR Sharpe Ratio Rank: 87
AIR Sortino Ratio Rank: 85
AIR Omega Ratio Rank: 82
AIR Calmar Ratio Rank: 87
AIR Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTTB vs. AIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Q32 Bio Inc (QTTB) and AAR Corp. (AIR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QTTB	AIR	Difference
Sharpe ratio: Return per unit of total volatility	3.24	1.91	+1.33
Sortino ratio: Return per unit of downside risk	4.63	2.66	+1.97
Omega ratio: Gain probability vs. loss probability	1.56	1.32	+0.24
Calmar ratio: Return relative to maximum drawdown	12.34	3.88	+8.46
Martin ratio: Return relative to average drawdown	22.99	9.21	+13.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTTB vs. AIR - Sharpe Ratio Comparison

The current QTTB Sharpe Ratio is 3.24, which is higher than the AIR Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of QTTB and AIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTTB	AIR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	1.91	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.65	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.16	-0.47

Drawdowns

QTTB vs. AIR - Drawdown Comparison

The maximum QTTB drawdown since its inception was -99.75%, which is greater than AIR's maximum drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for QTTB and AIR.

Drawdown Indicators

	QTTB	AIR	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-89.04%	-10.71%
Max Drawdown (1Y) Largest decline over 1 year	-51.14%	-19.92%	-31.22%
Max Drawdown (3Y) Largest decline over 3 years	-97.31%	-35.72%	-61.59%
Max Drawdown (5Y) Largest decline over 5 years	-99.13%	-35.72%	-63.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-81.77%	—
Current Drawdown Current decline from peak	-97.44%	-8.30%	-89.14%
Average Drawdown Average peak-to-trough decline	-72.56%	-34.70%	-37.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.46%	8.37%	+19.09%

Volatility

QTTB vs. AIR - Volatility Comparison

Q32 Bio Inc (QTTB) has a higher volatility of 70.30% compared to AAR Corp. (AIR) at 13.95%. This indicates that QTTB's price experiences larger fluctuations and is considered to be riskier than AIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTTB	AIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	70.30%	13.95%	+56.35%
Volatility (6M) Calculated over the trailing 6-month period	95.18%	31.13%	+64.05%
Volatility (1Y) Calculated over the trailing 1-year period	194.94%	40.41%	+154.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.67%	35.31%	+88.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.65%	45.26%	+60.39%

Dividends

QTTB vs. AIR - Dividend Comparison

Neither QTTB nor AIR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIR AAR Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	0.67%	0.80%	0.76%	0.91%	1.14%
QTTB Q32 Bio Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both QTTB and AIR in my portfolio?

QTTB and AIR have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTTB or AIR?

QTTB has higher volatility (70.30%) compared to AIR (13.95%). In terms of maximum drawdown, QTTB dropped -99.75% vs AIR's -89.04%.

Which has better risk-adjusted returns?

QTTB currently has the higher Sharpe Ratio (3.24 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.