QQQ vs QURE: Correlation
How closely do Invesco QQQ Trust (QQQ) and uniQure N.V. (QURE) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QURE?
On 3 years of weekly data the QQQ/QURE correlation comes out at 0.12, weak. The relationship has been stable: the 1-year correlation (0.11) sits close to the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 514.8 %².
Within QQQ's tracked universe of 4755 assets, QURE comes in at #3683 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QURE outperformed by 188.4 percentage points (+26.3% for QQQ against +214.7% for QURE). One caveat on sizing: QURE is 11.0 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.
QQQ vs QURE: side by side
| QQQ (Invesco QQQ Trust) | QURE (uniQure N.V.) | |
|---|---|---|
| 1-year return | +26.3% | +214.7% |
| 5-year return | +95.4% | +72.6% |
| Volatility (ann.) | 19.6% | 215.4% |
| Beta vs S&P 500 | 1.28 | 1.70 |
| Max drawdown (3Y) | -22.8% | -87.2% |
| Market cap | – | $3.4B |
| 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 | QURE |
|---|---|---|
| 2022 | -32.6% | +9.3% |
| 2023 | +54.9% | -70.1% |
| 2024 | +25.6% | +160.9% |
| 2025 | +20.8% | +35.5% |
| 2026 | +17.7% | +107.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QURE good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and QURE?
The QQQ/QURE correlation stands at 0.12 on a 3-year window (1 year: 0.11, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QURE a good diversifier for QQQ?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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-qure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-qure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · QURE correlations
