JBIO vs QQQ: Correlation
Measured on weekly returns over the past three years, Jade Biosciences, Inc. (JBIO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.10, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBIO and QQQ?
Over the past 3 years, JBIO and QQQ moved with a correlation of 0.10, which is weak. The past 12 months show a tighter link (0.28) than the 3-year average (0.10). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 216.2 %².
By 3-year correlation, QQQ places #6 of the 15 assets tracked against JBIO. Correlation aside, the last 12 months split them widely, with JBIO ahead by 141.5 points (+167.8% versus +26.3%). One caveat on sizing: JBIO is 5.4 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.
JBIO vs QQQ: side by side
| JBIO (Jade Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +167.8% | +26.3% |
| 5-year return | -96.3% | +95.4% |
| Volatility (ann.) | 106.5% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -99.4% | -22.8% |
| Market cap | $1.4B | – |
| 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 | JBIO | QQQ |
|---|---|---|
| 2022 | +148.5% | -32.6% |
| 2023 | -22.8% | +54.9% |
| 2024 | -88.3% | +25.6% |
| 2025 | -82.9% | +20.8% |
| 2026 | +38.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBIO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between JBIO and QQQ?
As of 2026-08-27, the correlation of weekly returns between JBIO and QQQ is 0.10 over 3 years, 0.28 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for JBIO?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 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: JBIO correlations · QQQ correlations
