KNDI vs QQQ: Correlation
How closely do Kandi Technologies Group, Inc. (KNDI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNDI and QQQ?
Across a 3-year window, the weekly returns of KNDI and QQQ correlate at 0.08, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.20) runs above the 3-year figure (0.08). Stretching to 5 years gives 0.22, with an annualized covariance of 89.3 %².
Among the 10 assets we track against KNDI, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 82.9 percentage points, -56.6% for KNDI against +26.3% for QQQ. Risk is not evenly split, since KNDI carries 2.9 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.
KNDI vs QQQ: side by side
| KNDI (Kandi Technologies Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -56.6% | +26.3% |
| 5-year return | -87.2% | +95.4% |
| Volatility (ann.) | 56.6% | 19.6% |
| Beta vs S&P 500 | 0.56 | 1.28 |
| Max drawdown (3Y) | -83.3% | -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 | KNDI | QQQ |
|---|---|---|
| 2022 | -28.3% | -32.6% |
| 2023 | +21.7% | +54.9% |
| 2024 | -57.1% | +25.6% |
| 2025 | -34.2% | +20.8% |
| 2026 | -19.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNDI and QQQ good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KNDI and QQQ?
As of 2026-08-27, the correlation of weekly returns between KNDI and QQQ is 0.08 over 3 years, 0.20 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for KNDI?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: KNDI correlations · QQQ correlations
