EDIT vs QQQ: Correlation
How closely do Editas Medicine, Inc. (EDIT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and QQQ?
Over the past 3 years, EDIT and QQQ moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 637.4 %².
By 3-year correlation, QQQ places #16 of the 22 assets tracked against EDIT. Their 12-month results are close: +23.6% for EDIT against +26.3% for QQQ. Risk is not evenly split, since EDIT carries 4.4 times the volatility of the other side.
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.
EDIT vs QQQ: side by side
| EDIT (Editas Medicine, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.6% | +26.3% |
| 5-year return | -94.7% | +95.4% |
| Volatility (ann.) | 86.8% | 19.6% |
| Beta vs S&P 500 | 2.56 | 1.28 |
| Max drawdown (3Y) | -91.2% | -22.8% |
| Market cap | $0.5B | – |
| 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 | EDIT | QQQ |
|---|---|---|
| 2022 | -66.6% | -32.6% |
| 2023 | +14.2% | +54.9% |
| 2024 | -87.5% | +25.6% |
| 2025 | +61.4% | +20.8% |
| 2026 | +61.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDIT and QQQ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.38 over the last year and 0.45 over 5 years.
Is QQQ a good diversifier for EDIT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EDIT correlations · QQQ correlations
