COYA vs QQQ: Correlation
Measured on weekly returns over the past three years, Coya Therapeutics, Inc. (COYA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COYA and QQQ?
Across a 3-year window, the weekly returns of COYA and QQQ correlate at 0.23, weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.23 over 3. Stretching to 5 years gives 0.16, with an annualized covariance of 296.5 %².
Among the 12 assets we track against COYA, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.2 percentage points (-25.9% for COYA against +26.3% for QQQ). One caveat on sizing: COYA is 3.4 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.
COYA vs QQQ: side by side
| COYA (Coya Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 66.2% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -62.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | COYA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +56.4% | +54.9% |
| 2024 | -22.7% | +25.6% |
| 2025 | +1.2% | +20.8% |
| 2026 | -16.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COYA and QQQ good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COYA and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.26 over the last year and 0.16 over 5 years.
Is QQQ a good diversifier for COYA?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 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.
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Related comparisons
Hubs: COYA correlations · QQQ correlations
