QQQ vs QTTB: Correlation
Invesco QQQ Trust (QQQ) and Q32 Bio Inc. (QTTB) show a near-zero relationship: their 3-year correlation of weekly returns is -0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QTTB?
Over the past 3 years, QQQ and QTTB moved with a correlation of -0.00, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.11) than the 3-year average (-0.00). Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is -4.7 %².
Among the 4755 assets we track against QQQ, QTTB ranks #4484 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QTTB ahead by 812.7 points (+26.3% versus +839.0%). Note the risk asymmetry: QTTB runs 6.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QTTB: side by side
| QQQ (Invesco QQQ Trust) | QTTB (Q32 Bio Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +839.0% |
| 5-year return | +95.4% | -87.4% |
| Volatility (ann.) | 19.6% | 134.9% |
| Beta vs S&P 500 | 1.28 | 0.12 |
| Max drawdown (3Y) | -22.8% | -97.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | QTTB |
|---|---|---|
| 2022 | -32.6% | -65.4% |
| 2023 | +54.9% | -51.7% |
| 2024 | +25.6% | -68.6% |
| 2025 | +20.8% | -3.5% |
| 2026 | +17.7% | +386.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QTTB good diversifiers for each other?
Yes. With a correlation of -0.00, QQQ and QTTB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and QTTB?
Using weekly returns as of 2026-08-27: -0.00 over 3 years, with -0.11 over the last year and 0.09 over 5 years.
Is QTTB a good diversifier for QQQ?
Yes. With a correlation of -0.00, QQQ and QTTB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.00 mean?
On the −1 to +1 scale, -0.00 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-qttb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-qttb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · QTTB correlations
