KYMR vs QQQ: Correlation
Kymera Therapeutics, Inc. (KYMR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYMR and QQQ?
Over the past 3 years, KYMR and QQQ moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.35). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 500.6 %².
Among the 31 assets we track against KYMR, QQQ sits near the bottom by co-movement, at rank #27. Correlation aside, the last 12 months split them widely, with KYMR ahead by 158.2 points (+184.5% versus +26.3%). Note the risk asymmetry: KYMR runs 3.8 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.
KYMR vs QQQ: side by side
| KYMR (Kymera Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +184.5% | +26.3% |
| 5-year return | +96.7% | +95.4% |
| Volatility (ann.) | 74.1% | 19.6% |
| Beta vs S&P 500 | 2.12 | 1.28 |
| Max drawdown (3Y) | -59.8% | -22.8% |
| Market cap | $9.9B | – |
| 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 | KYMR | QQQ |
|---|---|---|
| 2022 | -60.7% | -32.6% |
| 2023 | +2.0% | +54.9% |
| 2024 | +58.0% | +25.6% |
| 2025 | +93.4% | +20.8% |
| 2026 | +54.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYMR and QQQ good diversifiers for each other?
Reasonably. At 0.35, KYMR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KYMR and QQQ?
As of 2026-08-27, the correlation of weekly returns between KYMR and QQQ is 0.35 over 3 years, 0.10 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for KYMR?
Reasonably. At 0.35, KYMR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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: KYMR correlations · QQQ correlations
