PYXS vs QQQ: Correlation
Measured on weekly returns over the past three years, Pyxis Oncology, Inc. (PYXS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PYXS and QQQ?
Over the past 3 years, PYXS and QQQ moved with a correlation of 0.17, which is weak. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 405.3 %².
Out of 11 assets tracked against PYXS, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months PYXS outperformed by 117.8 percentage points (+144.1% for PYXS against +26.3% for QQQ). One caveat on sizing: PYXS is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PYXS vs QQQ: side by side
| PYXS (Pyxis Oncology, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +144.1% | +26.3% |
| 5-year return | -74.8% | +95.4% |
| Volatility (ann.) | 120.2% | 19.6% |
| Beta vs S&P 500 | 1.51 | 1.28 |
| Max drawdown (3Y) | -86.7% | -22.8% |
| Market cap | $0.3B | – |
| 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 | PYXS | QQQ |
|---|---|---|
| 2022 | -87.8% | -32.6% |
| 2023 | +34.3% | +54.9% |
| 2024 | -13.3% | +25.6% |
| 2025 | -26.3% | +20.8% |
| 2026 | +188.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PYXS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PYXS and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.17 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for PYXS?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pyxs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pyxs-vs-qqq/)
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Related comparisons
Hubs: PYXS correlations · QQQ correlations
