QETA vs QQQ: Correlation
How closely do Quetta Acquisition Corporation (QETA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QETA and QQQ?
Across a 3-year window, the weekly returns of QETA and QQQ correlate at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.15 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -15.4 %².
Out of 10 assets tracked against QETA, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 21.4 percentage points, +4.9% for QETA against +26.3% for QQQ. One caveat on sizing: QQQ is 3.8 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.
QETA vs QQQ: side by side
| QETA (Quetta Acquisition Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 5.2% | 19.6% |
| Beta vs S&P 500 | -0.04 | 1.28 |
| Max drawdown (3Y) | -5.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 51.0 | – |
| 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 | QETA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +4.4% | +25.6% |
| 2025 | +7.6% | +20.8% |
| 2026 | +3.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QETA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between QETA and QQQ?
The QETA/QQQ correlation stands at -0.15 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for QETA?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
A reading of -0.15 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/qeta-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qeta-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QETA correlations · QQQ correlations
