FOXX vs QQQ: Correlation
Foxx Development Holdings Inc. (FOXX) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and QQQ?
Across a 3-year window, the weekly returns of FOXX and QQQ correlate at -0.12, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -264.8 %².
By 3-year correlation, QQQ places #7 of the 25 assets tracked against FOXX. The last year tells two different stories: QQQ led by 80.6 percentage points, -54.3% for FOXX against +26.3% for QQQ. One caveat on sizing: FOXX is 5.6 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.
FOXX vs QQQ: side by side
| FOXX (Foxx Development Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -54.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 108.9% | 19.6% |
| Beta vs S&P 500 | -0.69 | 1.28 |
| Max drawdown (3Y) | -87.3% | -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 | FOXX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +8.2% | +54.9% |
| 2024 | -48.4% | +25.6% |
| 2025 | -18.7% | +20.8% |
| 2026 | -40.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and QQQ good diversifiers for each other?
Yes. With a correlation of -0.12, FOXX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOXX and QQQ?
The FOXX/QQQ correlation stands at -0.12 on a 3-year window (1 year: -0.21, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FOXX?
Yes. With a correlation of -0.12, FOXX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.12 mean?
A reading of -0.12 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/foxx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/foxx-vs-qqq/)
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Related comparisons
Hubs: FOXX correlations · QQQ correlations
