FLD vs QQQ: Correlation
Fold Holdings, Inc. (FLD) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLD and QQQ?
Over the past 3 years, FLD and QQQ moved with a correlation of 0.09, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.31 versus 0.09 over 3 years. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 143.7 %².
Among the 13 assets we track against FLD, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 109.9 points (-83.6% versus +26.3%). Risk is not evenly split, since FLD carries 4.0 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.
FLD vs QQQ: side by side
| FLD (Fold Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -83.6% | +26.3% |
| 5-year return | -93.7% | +95.4% |
| Volatility (ann.) | 78.8% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -96.7% | -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 | FLD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +5.3% | +54.9% |
| 2024 | +5.2% | +25.6% |
| 2025 | -76.5% | +20.8% |
| 2026 | -76.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLD and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, FLD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLD and QQQ?
As of 2026-08-27, the correlation of weekly returns between FLD and QQQ is 0.09 over 3 years, 0.31 over 1 year and 0.06 over 5 years.
Is QQQ a good diversifier for FLD?
Yes. With a correlation of 0.09, FLD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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[](https://www.pairbook.io/pair/fld-vs-qqq/)
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Related comparisons
Hubs: FLD correlations · QQQ correlations
