QQQ vs QUBT: Correlation
Invesco QQQ Trust (QQQ) and Quantum Computing Inc. (QUBT) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QUBT?
On 3 years of weekly data the QQQ/QUBT correlation comes out at 0.18, weak. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.18). The 5-year figure is 0.26, and annualized covariance runs at 577.0 %².
Within QQQ's tracked universe of 4755 assets, QUBT comes in at #3086 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 67.9 percentage points (+26.3% for QQQ against -41.6% for QUBT). One caveat on sizing: QUBT is 8.2 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.
QQQ vs QUBT: side by side
| QQQ (Invesco QQQ Trust) | QUBT (Quantum Computing Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -41.6% |
| 5-year return | +95.4% | +13.8% |
| Volatility (ann.) | 19.6% | 160.7% |
| Beta vs S&P 500 | 1.28 | 2.31 |
| Max drawdown (3Y) | -22.8% | -82.4% |
| Market cap | – | $2.0B |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | QUBT |
|---|---|---|
| 2022 | -32.6% | -55.7% |
| 2023 | +54.9% | -39.5% |
| 2024 | +25.6% | +1712.7% |
| 2025 | +20.8% | -38.0% |
| 2026 | +17.7% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QUBT good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and QUBT?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.56 over the last year and 0.26 over 5 years.
Is QUBT a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-qubt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-qubt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · QUBT correlations
