QGEN vs QQQ: Correlation
How closely do Qiagen N.V. (QGEN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QGEN and QQQ?
On 3 years of weekly data the QGEN/QQQ correlation comes out at 0.28, weak. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.28). The 5-year figure is 0.41, and annualized covariance runs at 153.9 %².
QQQ is close to the least connected end of QGEN's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 34.3 percentage points, -8.0% for QGEN against +26.3% for QQQ.
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.
QGEN vs QQQ: side by side
| QGEN (Qiagen N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.0% | +26.3% |
| 5-year return | -20.9% | +95.4% |
| Volatility (ann.) | 27.8% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -41.4% | -22.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 22.2 | – |
| Dividend yield | 0.84% | 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 | QGEN | QQQ |
|---|---|---|
| 2022 | -10.3% | -32.6% |
| 2023 | -12.9% | +54.9% |
| 2024 | +2.4% | +25.6% |
| 2025 | +1.5% | +20.8% |
| 2026 | -1.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QGEN and QQQ good diversifiers for each other?
Reasonably. At 0.28, QGEN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QGEN and QQQ?
The QGEN/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.11, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for QGEN?
Reasonably. At 0.28, QGEN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 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
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Related comparisons
Hubs: QGEN correlations · QQQ correlations
