JAGX vs QQQ: Correlation
How closely do Jaguar Health, Inc. (JAGX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JAGX and QQQ?
Across a 3-year window, the weekly returns of JAGX and QQQ correlate at 0.12, weak. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 362.0 %².
Among the 10 assets we track against JAGX, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 124.9 percentage points (-98.6% for JAGX against +26.3% for QQQ). Note the risk asymmetry: JAGX runs 8.1 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.
JAGX vs QQQ: side by side
| JAGX (Jaguar Health, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -98.6% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 159.2% | 19.6% |
| Beta vs S&P 500 | 1.63 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | JAGX | QQQ |
|---|---|---|
| 2022 | -91.6% | -32.6% |
| 2023 | -97.7% | +54.9% |
| 2024 | -88.9% | +25.6% |
| 2025 | -96.3% | +20.8% |
| 2026 | -97.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JAGX and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JAGX and QQQ?
As of 2026-08-27, the correlation of weekly returns between JAGX and QQQ is 0.12 over 3 years, 0.05 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for JAGX?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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: JAGX correlations · QQQ correlations
