QNME vs QQQ: Correlation
How closely do Quanome Technologies, Inc. (QNME) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNME and QQQ?
On 3 years of weekly data the QNME/QQQ correlation comes out at 0.15, weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.15). The 5-year figure is n/a, and annualized covariance runs at 368.7 %².
QQQ is close to the least connected end of QNME's tracked universe, ranking #6 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 90.8 points (-64.5% versus +26.3%). One caveat on sizing: QNME is 6.0 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.
QNME vs QQQ: side by side
| QNME (Quanome Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -64.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 118.3% | 19.6% |
| Beta vs S&P 500 | 0.91 | 1.28 |
| Max drawdown (3Y) | -93.7% | -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 | QNME | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -64.4% | +20.8% |
| 2026 | -65.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNME and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, QNME and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QNME and QQQ?
As of 2026-08-27, the correlation of weekly returns between QNME and QQQ is 0.15 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for QNME?
Yes. With a correlation of 0.15, QNME and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/qnme-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qnme-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QNME correlations · QQQ correlations
