FEMY vs QQQ: Correlation
Femasys Inc. (FEMY) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and QQQ?
Over the past 3 years, FEMY and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.01 lands near the 3-year figure. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is 137.5 %².
Within FEMY's tracked universe of 32 assets, QQQ comes in at #7 by 3-year correlation. The last year tells two different stories: QQQ led by 87.5 percentage points, -61.2% for FEMY against +26.3% for QQQ. Note the risk asymmetry: FEMY runs 26.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FEMY vs QQQ: side by side
| FEMY (Femasys Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.2% | +26.3% |
| 5-year return | -98.0% | +95.4% |
| Volatility (ann.) | 509.3% | 19.6% |
| Beta vs S&P 500 | -0.49 | 1.28 |
| Max drawdown (3Y) | -97.2% | -22.8% |
| Market cap | – | – |
| 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 | FEMY | QQQ |
|---|---|---|
| 2022 | -76.9% | -32.6% |
| 2023 | +8.3% | +54.9% |
| 2024 | +12.8% | +25.6% |
| 2025 | -47.6% | +20.8% |
| 2026 | -75.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between FEMY and QQQ?
As of 2026-08-27, the correlation of weekly returns between FEMY and QQQ is 0.01 over 3 years, -0.01 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for FEMY?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
What does a correlation of 0.01 mean?
On the −1 to +1 scale, 0.01 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.
Use this data
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Related comparisons
Hubs: FEMY correlations · QQQ correlations
