QQQ vs REGN: Correlation
Invesco QQQ Trust (QQQ) and Regeneron Pharmaceuticals (REGN) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and REGN?
On 3 years of weekly data the QQQ/REGN correlation comes out at 0.21, weak. The past 12 months show a weaker link (-0.03) than the 3-year average (0.21). The 5-year figure is 0.28, and annualized covariance runs at 130.5 %².
By 3-year correlation, REGN places #2728 of the 4755 assets tracked against QQQ. Over the last 12 months REGN came out ahead by 12.0 percentage points (+26.3% against +38.3%). On a rolling one-year basis the correlation drifted between -0.03 and 0.43, a moderate band. One caveat on sizing: REGN is 1.6 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 REGN: side by side
| QQQ (Invesco QQQ Trust) | REGN (Regeneron Pharmaceuticals) | |
|---|---|---|
| 1-year return | +26.3% | +38.3% |
| 5-year return | +95.4% | +20.4% |
| Volatility (ann.) | 19.6% | 31.8% |
| Beta vs S&P 500 | 1.28 | 0.61 |
| Max drawdown (3Y) | -22.8% | -59.7% |
| Market cap | – | $83.2B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.44% | 0.45% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
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 | REGN |
|---|---|---|
| 2022 | -32.6% | +14.2% |
| 2023 | +54.9% | +21.7% |
| 2024 | +25.6% | -18.9% |
| 2025 | +20.8% | +9.0% |
| 2026 | +17.7% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
REGN represents 0.37% of QQQ's portfolio, so part of any move in QQQ is REGN itself, and the correlation between them is partly mechanical.
Are QQQ and REGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and REGN?
The QQQ/REGN correlation stands at 0.21 on a 3-year window (1 year: -0.03, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is REGN a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 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
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Related comparisons
Hubs: QQQ correlations · REGN correlations
