QQQ vs QTEX: Correlation
How closely do Invesco QQQ Trust (QQQ) and QTREX Quantum Ltd. (QTEX) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QTEX?
Over the past 3 years, QQQ and QTEX moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 939.5 %².
Among the 4755 assets we track against QQQ, QTEX ranks #2580 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 53.5 percentage points (+26.3% for QQQ against -27.2% for QTEX). Risk is not evenly split, since QTEX carries 10.9 times the volatility of the other side.
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.
QQQ vs QTEX: side by side
| QQQ (Invesco QQQ Trust) | QTEX (QTREX Quantum Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | -27.2% |
| 5-year return | +95.4% | -75.2% |
| Volatility (ann.) | 19.6% | 214.5% |
| Beta vs S&P 500 | 1.28 | 2.83 |
| Max drawdown (3Y) | -22.8% | -86.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | QQQ | QTEX |
|---|---|---|
| 2022 | -32.6% | -69.0% |
| 2023 | +54.9% | -17.8% |
| 2024 | +25.6% | -3.8% |
| 2025 | +20.8% | -11.8% |
| 2026 | +17.7% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QTEX good diversifiers for each other?
Reasonably. At 0.22, QQQ and QTEX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and QTEX?
As of 2026-08-27, the correlation of weekly returns between QQQ and QTEX is 0.22 over 3 years, 0.30 over 1 year and 0.25 over 5 years.
Is QTEX a good diversifier for QQQ?
Reasonably. At 0.22, QQQ and QTEX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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: QQQ correlations · QTEX correlations
