FTH vs QQQ: Correlation
Faeth Therapeutics, Inc. (FTH) and Invesco QQQ Trust (QQQ) show a weak 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 FTH and QQQ?
On 3 years of weekly data the FTH/QQQ correlation comes out at 0.12, weak. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 458.9 %².
By 3-year correlation, QQQ places #10 of the 19 assets tracked against FTH. The last year tells two different stories: FTH led by 294.4 percentage points, +320.7% for FTH against +26.3% for QQQ. Risk is not evenly split, since FTH carries 9.7 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.
FTH vs QQQ: side by side
| FTH (Faeth Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +320.7% | +26.3% |
| 5-year return | -83.6% | +95.4% |
| Volatility (ann.) | 189.5% | 19.6% |
| Beta vs S&P 500 | 1.77 | 1.28 |
| Max drawdown (3Y) | -84.3% | -22.8% |
| Market cap | $0.9B | – |
| 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 | FTH | QQQ |
|---|---|---|
| 2022 | -74.3% | -32.6% |
| 2023 | -53.6% | +54.9% |
| 2024 | -29.2% | +25.6% |
| 2025 | +8.9% | +20.8% |
| 2026 | +216.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTH and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, FTH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FTH and QQQ?
The FTH/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.09, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FTH?
Yes. With a correlation of 0.12, FTH 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/fth-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fth-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTH correlations · QQQ correlations
