JXG vs QQQ: Correlation
Measured on weekly returns over the past three years, JX Luxventure Group Inc. (JXG) and Invesco QQQ Trust (QQQ) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXG and QQQ?
On 3 years of weekly data the JXG/QQQ correlation comes out at -0.02, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.15) than the 3-year average (-0.02). The 5-year figure is 0.05, and annualized covariance runs at -55.1 %².
Within JXG's tracked universe of 20 assets, QQQ comes in at #6 by 3-year correlation. The last year tells two different stories: QQQ led by 68.1 percentage points, -41.8% for JXG against +26.3% for QQQ. One caveat on sizing: JXG is 8.5 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.
JXG vs QQQ: side by side
| JXG (JX Luxventure Group Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -41.8% | +26.3% |
| 5-year return | -98.5% | +95.4% |
| Volatility (ann.) | 167.5% | 19.6% |
| Beta vs S&P 500 | -0.19 | 1.28 |
| Max drawdown (3Y) | -94.0% | -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 | JXG | QQQ |
|---|---|---|
| 2022 | -63.7% | -32.6% |
| 2023 | -83.8% | +54.9% |
| 2024 | -19.5% | +25.6% |
| 2025 | -62.6% | +20.8% |
| 2026 | +48.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between JXG and QQQ?
The JXG/QQQ correlation stands at -0.02 on a 3-year window (1 year: 0.15, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JXG?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
A reading of -0.02 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JXG correlations · QQQ correlations
