EXOD vs QQQ: Correlation
How closely do Exodus Movement, Inc. (EXOD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXOD and QQQ?
Across a 3-year window, the weekly returns of EXOD and QQQ correlate at 0.07, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.41) than the 3-year average (0.07). Stretching to 5 years gives 0.06, with an annualized covariance of 253.4 %².
Within EXOD's tracked universe of 18 assets, QQQ comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 92.2 percentage points (-65.9% for EXOD against +26.3% for QQQ). One caveat on sizing: EXOD is 10.0 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.
EXOD vs QQQ: side by side
| EXOD (Exodus Movement, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -65.9% | +26.3% |
| 5-year return | -64.9% | +95.4% |
| Volatility (ann.) | 196.6% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -94.8% | -22.8% |
| Market cap | $0.3B | – |
| 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 | EXOD | QQQ |
|---|---|---|
| 2022 | -89.5% | -32.6% |
| 2023 | +12.2% | +54.9% |
| 2024 | +1233.9% | +25.6% |
| 2025 | -51.8% | +20.8% |
| 2026 | -37.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXOD and QQQ good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXOD and QQQ?
As of 2026-08-27, the correlation of weekly returns between EXOD and QQQ is 0.07 over 3 years, 0.41 over 1 year and 0.06 over 5 years.
Is QQQ a good diversifier for EXOD?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
A reading of 0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exod-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exod-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXOD correlations · QQQ correlations
