FBYD vs QQQ: Correlation
Measured on weekly returns over the past three years, Falcon's Beyond Global, Inc. (FBYD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBYD and QQQ?
Across a 3-year window, the weekly returns of FBYD and QQQ correlate at 0.06, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.17 versus 0.06 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 174.1 %².
Among the 13 assets we track against FBYD, QQQ ranks #6 by 3-year correlation. The trailing year gives FBYD the advantage: +40.3% versus +26.3%, a 14.0-point spread. One caveat on sizing: FBYD is 7.0 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.
FBYD vs QQQ: side by side
| FBYD (Falcon's Beyond Global, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 137.7% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -81.2% | -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 | FBYD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -22.0% | +25.6% |
| 2025 | +87.8% | +20.8% |
| 2026 | -33.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBYD and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between FBYD and QQQ?
As of 2026-08-27, the correlation of weekly returns between FBYD and QQQ is 0.06 over 3 years, 0.17 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for FBYD?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FBYD correlations · QQQ correlations
