FMST vs QQQ: Correlation
Foremost Clean Energy Ltd. (FMST) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMST and QQQ?
On 3 years of weekly data the FMST/QQQ correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 700.2 %².
QQQ is close to the least connected end of FMST's tracked universe, ranking #9 of 12. The last year tells two different stories: QQQ led by 88.8 percentage points, -62.5% for FMST against +26.3% for QQQ. Risk is not evenly split, since FMST carries 6.1 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.
FMST vs QQQ: side by side
| FMST (Foremost Clean Energy Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -62.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 118.7% | 19.6% |
| Beta vs S&P 500 | 2.68 | 1.28 |
| Max drawdown (3Y) | -86.7% | -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 | FMST | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -44.8% | +25.6% |
| 2025 | +53.6% | +20.8% |
| 2026 | -44.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMST and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FMST and QQQ?
The FMST/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FMST?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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/fmst-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmst-vs-qqq/)
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Related comparisons
Hubs: FMST correlations · QQQ correlations
