KXIN vs QQQ: Correlation
How closely do Kaixin Holdings (KXIN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and QQQ?
Over the past 3 years, KXIN and QQQ moved with a correlation of 0.11, which is weak. Recent behaviour matches the longer record: 0.06 over 1 year against 0.11 over 3. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 609.8 %².
Among the 15 assets we track against KXIN, QQQ ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 125.8 percentage points (-99.5% for KXIN against +26.3% for QQQ). Note the risk asymmetry: KXIN runs 13.9 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.
KXIN vs QQQ: side by side
| KXIN (Kaixin Holdings) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.5% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 272.9% | 19.6% |
| Beta vs S&P 500 | 2.71 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| 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 | KXIN | QQQ |
|---|---|---|
| 2022 | -74.3% | -32.6% |
| 2023 | -80.0% | +54.9% |
| 2024 | -97.1% | +25.6% |
| 2025 | -88.6% | +20.8% |
| 2026 | -98.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KXIN and QQQ?
The KXIN/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.06, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KXIN?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 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.
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Related comparisons
Hubs: KXIN correlations · QQQ correlations
