FGNX vs QQQ: Correlation
Measured on weekly returns over the past three years, FG Nexus Inc. (FGNX) and Invesco QQQ Trust (QQQ) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGNX and QQQ?
Over the past 3 years, FGNX and QQQ moved with a correlation of -0.02, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.27) than the 3-year average (-0.02). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is -31.4 %².
Among the 18 assets we track against FGNX, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 113.8 points (-87.5% versus +26.3%). One caveat on sizing: FGNX is 5.4 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.
FGNX vs QQQ: side by side
| FGNX (FG Nexus Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -87.5% | +26.3% |
| 5-year return | -98.8% | +95.4% |
| Volatility (ann.) | 105.1% | 19.6% |
| Beta vs S&P 500 | -0.07 | 1.28 |
| Max drawdown (3Y) | -97.9% | -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 | FGNX | QQQ |
|---|---|---|
| 2022 | -24.2% | -32.6% |
| 2023 | -43.9% | +54.9% |
| 2024 | -45.5% | +25.6% |
| 2025 | -87.4% | +20.8% |
| 2026 | -42.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGNX and QQQ good diversifiers for each other?
Yes. With a correlation of -0.02, FGNX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FGNX and QQQ?
Using weekly returns as of 2026-08-27: -0.02 over 3 years, with 0.27 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for FGNX?
Yes. With a correlation of -0.02, FGNX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 mean?
On the −1 to +1 scale, -0.02 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: FGNX correlations · QQQ correlations
