FNUC vs QQQ: Correlation
Measured on weekly returns over the past three years, Frontier Nuclear and Minerals Inc. (FNUC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and QQQ?
On 3 years of weekly data the FNUC/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.09 over 3 years. The 5-year figure is 0.13, and annualized covariance runs at 417.4 %².
QQQ is close to the least connected end of FNUC's tracked universe, ranking #22 of 26. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 85.4 percentage points (-59.1% for FNUC against +26.3% for QQQ). Note the risk asymmetry: FNUC runs 12.1 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.
FNUC vs QQQ: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -59.1% | +26.3% |
| 5-year return | -99.0% | +95.4% |
| Volatility (ann.) | 237.4% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -94.2% | -22.8% |
| Market cap | $0.1B | – |
| 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 | FNUC | QQQ |
|---|---|---|
| 2022 | -60.4% | -32.6% |
| 2023 | -48.7% | +54.9% |
| 2024 | -17.9% | +25.6% |
| 2025 | -76.0% | +20.8% |
| 2026 | -43.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and QQQ good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNUC and QQQ?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with 0.51 over the last year and 0.13 over 5 years.
Is QQQ a good diversifier for FNUC?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
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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Related comparisons
Hubs: FNUC correlations · QQQ correlations
