FUFU vs QQQ: Correlation
Measured on weekly returns over the past three years, BitFuFu Inc. - Class A (FUFU) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUFU and QQQ?
Across a 3-year window, the weekly returns of FUFU and QQQ correlate at 0.18, weak. The past 12 months show a tighter link (0.28) than the 3-year average (0.18). Stretching to 5 years gives 0.13, with an annualized covariance of 295.7 %².
QQQ is close to the least connected end of FUFU's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 90.0 points (-63.7% versus +26.3%). Note the risk asymmetry: FUFU runs 4.3 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.
FUFU vs QQQ: side by side
| FUFU (BitFuFu Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -63.7% | +26.3% |
| 5-year return | -85.4% | +95.4% |
| Volatility (ann.) | 84.0% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -90.4% | -22.8% |
| Market cap | $0.2B | – |
| 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 | FUFU | QQQ |
|---|---|---|
| 2022 | +3.5% | -32.6% |
| 2023 | +8.0% | +54.9% |
| 2024 | -54.6% | +25.6% |
| 2025 | -46.7% | +20.8% |
| 2026 | -46.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUFU and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FUFU and QQQ?
The FUFU/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.28, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FUFU?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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/fufu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fufu-vs-qqq/)
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Related comparisons
Hubs: FUFU correlations · QQQ correlations
