FUBO vs QQQ: Correlation
How closely do FuboTV Inc. (FUBO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUBO and QQQ?
On 3 years of weekly data the FUBO/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.27) than the 3-year average (0.03). The 5-year figure is 0.18, and annualized covariance runs at 111.5 %².
Among the 28 assets we track against FUBO, QQQ ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 101.6 points (-75.3% versus +26.3%). One caveat on sizing: FUBO is 8.4 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.
FUBO vs QQQ: side by side
| FUBO (FuboTV Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -75.3% | +26.3% |
| 5-year return | -96.9% | +95.4% |
| Volatility (ann.) | 164.3% | 19.6% |
| Beta vs S&P 500 | 0.34 | 1.28 |
| Max drawdown (3Y) | -87.7% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 2.7 | – |
| 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 | FUBO | QQQ |
|---|---|---|
| 2022 | -88.8% | -32.6% |
| 2023 | +82.8% | +54.9% |
| 2024 | -60.4% | +25.6% |
| 2025 | +100.0% | +20.8% |
| 2026 | -66.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUBO and QQQ good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FUBO and QQQ?
As of 2026-08-27, the correlation of weekly returns between FUBO and QQQ is 0.03 over 3 years, 0.27 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for FUBO?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fubo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fubo-vs-qqq/)
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Related comparisons
Hubs: FUBO correlations · QQQ correlations
