KMDA vs QQQ: Correlation
Kamada Ltd. (KMDA) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMDA and QQQ?
Across a 3-year window, the weekly returns of KMDA and QQQ correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 220.3 %².
Within KMDA's tracked universe of 13 assets, QQQ comes in at #8 by 3-year correlation. Over the last 12 months QQQ came out ahead by 6.9 percentage points (+19.4% against +26.3%). Risk is not evenly split, since KMDA carries 1.9 times the volatility of the other side.
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.
KMDA vs QQQ: side by side
| KMDA (Kamada Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.4% | +26.3% |
| 5-year return | +62.4% | +95.4% |
| Volatility (ann.) | 36.7% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -28.9% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 3.05% | 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 | KMDA | QQQ |
|---|---|---|
| 2022 | -39.1% | -32.6% |
| 2023 | +52.6% | +54.9% |
| 2024 | -0.5% | +25.6% |
| 2025 | +19.2% | +20.8% |
| 2026 | +20.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMDA and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KMDA and QQQ?
The KMDA/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.25, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KMDA?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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/kmda-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kmda-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMDA correlations · QQQ correlations
