QQQ vs QXL: Correlation
Invesco QQQ Trust (QQQ) and Quantum X Labs Inc. (QXL) show a near-zero relationship: their 3-year correlation of weekly returns is -0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QXL?
Over the past 3 years, QQQ and QXL moved with a correlation of -0.06, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.29) than the 3-year average (-0.06). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -830.1 %².
By 3-year correlation, QXL places #4666 of the 4755 assets tracked against QQQ. The last year tells two different stories: QXL led by 27.3 percentage points, +26.3% for QQQ against +53.6% for QXL. One caveat on sizing: QXL is 37.0 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 QXL: side by side
| QQQ (Invesco QQQ Trust) | QXL (Quantum X Labs Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +53.6% |
| 5-year return | +95.4% | +14.0% |
| Volatility (ann.) | 19.6% | 724.3% |
| Beta vs S&P 500 | 1.28 | -2.23 |
| Max drawdown (3Y) | -22.8% | -96.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 13.4 |
| 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 | QXL |
|---|---|---|
| 2022 | -32.6% | -78.8% |
| 2023 | +54.9% | -80.2% |
| 2024 | +25.6% | +1032.7% |
| 2025 | +20.8% | -70.1% |
| 2026 | +17.7% | +207.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QXL good diversifiers for each other?
Yes. With a correlation of -0.06, QQQ and QXL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and QXL?
The QQQ/QXL correlation stands at -0.06 on a 3-year window (1 year: 0.29, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is QXL a good diversifier for QQQ?
Yes. With a correlation of -0.06, QQQ and QXL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.06 mean?
A reading of -0.06 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/qqq-vs-qxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-qxl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · QXL correlations
