KNSA vs QQQ: Correlation
Kiniksa Pharmaceuticals International, plc - Class A (KNSA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSA and QQQ?
Over the past 3 years, KNSA and QQQ moved with a correlation of 0.13, which is weak. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.13). Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 120.0 %².
QQQ is close to the least connected end of KNSA's tracked universe, ranking #8 of 12. The last year tells two different stories: KNSA led by 110.5 percentage points, +136.8% for KNSA against +26.3% for QQQ. Risk is not evenly split, since KNSA carries 2.3 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.
KNSA vs QQQ: side by side
| KNSA (Kiniksa Pharmaceuticals International, plc - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +136.8% | +26.3% |
| 5-year return | +550.9% | +95.4% |
| Volatility (ann.) | 46.0% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -34.1% | -22.8% |
| Market cap | $6.2B | – |
| P/E (trailing) | 79.8 | – |
| 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 | KNSA | QQQ |
|---|---|---|
| 2022 | +27.3% | -32.6% |
| 2023 | +17.1% | +54.9% |
| 2024 | +12.8% | +25.6% |
| 2025 | +108.5% | +20.8% |
| 2026 | +93.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSA and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, KNSA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KNSA and QQQ?
As of 2026-08-27, the correlation of weekly returns between KNSA and QQQ is 0.13 over 3 years, -0.00 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for KNSA?
Yes. With a correlation of 0.13, KNSA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/knsa-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/knsa-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KNSA correlations · QQQ correlations
