FLYX vs QQQ: Correlation
How closely do flyExclusive, Inc. (FLYX) 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 FLYX and QQQ?
Across a 3-year window, the weekly returns of FLYX and QQQ correlate at 0.07, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.26) runs above the 3-year figure (0.07). Stretching to 5 years gives n/a, with an annualized covariance of 147.2 %².
QQQ is close to the least connected end of FLYX's tracked universe, ranking #8 of 12. The last year tells two different stories: QQQ led by 96.0 percentage points, -69.7% for FLYX against +26.3% for QQQ. Note the risk asymmetry: FLYX runs 5.6 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.
FLYX vs QQQ: side by side
| FLYX (flyExclusive, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -69.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 110.3% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -94.3% | -22.8% |
| Market cap | $0.2B | – |
| 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 | FLYX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -42.7% | +25.6% |
| 2025 | +30.5% | +20.8% |
| 2026 | -68.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.07, FLYX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLYX and QQQ?
Using weekly returns as of 2026-08-27: 0.07 over 3 years, with 0.26 over the last year and n/a over 5 years.
Is QQQ a good diversifier for FLYX?
Yes. With a correlation of 0.07, FLYX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.07 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
$ curl https://www.pairbook.io/api/v1/pairs/flyx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flyx-vs-qqq/)
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Related comparisons
Hubs: FLYX correlations · QQQ correlations
