FURY vs QQQ: Correlation
How closely do Fury Gold Mines Limited (FURY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FURY and QQQ?
Over the past 3 years, FURY and QQQ moved with a correlation of 0.17, which is weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.17 over 3. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 213.3 %².
Out of 10 assets tracked against FURY, QQQ lands near the bottom at #7. Their 12-month results are close: +22.0% for FURY against +26.3% for QQQ. One caveat on sizing: FURY is 3.2 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.
FURY vs QQQ: side by side
| FURY (Fury Gold Mines Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.0% | +26.3% |
| 5-year return | -17.1% | +95.4% |
| Volatility (ann.) | 62.8% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -46.9% | -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 | FURY | QQQ |
|---|---|---|
| 2022 | -33.3% | -32.6% |
| 2023 | +18.5% | +54.9% |
| 2024 | -26.9% | +25.6% |
| 2025 | +59.5% | +20.8% |
| 2026 | +5.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FURY and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between FURY and QQQ?
The FURY/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.13, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FURY?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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.
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Related comparisons
Hubs: FURY correlations · QQQ correlations
