KOD vs QQQ: Correlation
Kodiak Sciences Inc (KOD) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KOD and QQQ?
On 3 years of weekly data the KOD/QQQ correlation comes out at 0.29, weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.29). The 5-year figure is 0.26, and annualized covariance runs at 694.9 %².
Out of 12 assets tracked against KOD, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months KOD outperformed by 292.5 percentage points (+318.8% for KOD against +26.3% for QQQ). Note the risk asymmetry: KOD runs 6.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KOD vs QQQ: side by side
| KOD (Kodiak Sciences Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +318.8% | +26.3% |
| 5-year return | -59.3% | +95.4% |
| Volatility (ann.) | 123.8% | 19.6% |
| Beta vs S&P 500 | 2.99 | 1.28 |
| Max drawdown (3Y) | -81.1% | -22.8% |
| Market cap | $2.5B | – |
| 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 | KOD | QQQ |
|---|---|---|
| 2022 | -91.6% | -32.6% |
| 2023 | -57.5% | +54.9% |
| 2024 | +227.3% | +25.6% |
| 2025 | +181.0% | +20.8% |
| 2026 | +39.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KOD and QQQ good diversifiers for each other?
Reasonably. At 0.29, KOD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KOD and QQQ?
The KOD/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.10, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KOD?
Reasonably. At 0.29, KOD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/kod-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kod-vs-qqq/)
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Related comparisons
Hubs: KOD correlations · QQQ correlations
