KRYS vs QQQ: Correlation
Measured on weekly returns over the past three years, Krystal Biotech, Inc. (KRYS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRYS and QQQ?
On 3 years of weekly data the KRYS/QQQ correlation comes out at 0.21, weak. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 213.6 %².
Among the 18 assets we track against KRYS, QQQ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: KRYS led by 115.8 percentage points, +142.1% for KRYS against +26.3% for QQQ. Risk is not evenly split, since KRYS carries 2.6 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.
KRYS vs QQQ: side by side
| KRYS (Krystal Biotech, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +142.1% | +26.3% |
| 5-year return | +523.2% | +95.4% |
| Volatility (ann.) | 50.8% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -42.3% | -22.8% |
| Market cap | $10.6B | – |
| P/E (trailing) | 44.7 | – |
| 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 | KRYS | QQQ |
|---|---|---|
| 2022 | +13.3% | -32.6% |
| 2023 | +56.6% | +54.9% |
| 2024 | +26.3% | +25.6% |
| 2025 | +57.4% | +20.8% |
| 2026 | +45.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRYS and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRYS and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.30 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for KRYS?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 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/krys-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/krys-vs-qqq/)
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Related comparisons
Hubs: KRYS correlations · QQQ correlations
