QQQ vs REPL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Replimune Group, Inc. (REPL) carry a correlation of 0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and REPL?
Across a 3-year window, the weekly returns of QQQ and REPL correlate at 0.07, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.08 over 1 year against 0.07 over 3. Stretching to 5 years gives 0.12, with an annualized covariance of 214.9 %².
Among the 4755 assets we track against QQQ, REPL ranks #4069 by 3-year correlation. The last year tells two different stories: REPL led by 155.8 percentage points, +26.3% for QQQ against +182.1% for REPL. Risk is not evenly split, since REPL carries 7.8 times the volatility of the other side.
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 REPL: side by side
| QQQ (Invesco QQQ Trust) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +182.1% |
| 5-year return | +95.4% | -50.4% |
| Volatility (ann.) | 19.6% | 153.7% |
| Beta vs S&P 500 | 1.28 | 0.48 |
| Max drawdown (3Y) | -22.8% | -92.0% |
| Market cap | – | $1.5B |
| 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 |
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 | REPL |
|---|---|---|
| 2022 | -32.6% | +0.4% |
| 2023 | +54.9% | -69.0% |
| 2024 | +25.6% | +43.7% |
| 2025 | +20.8% | -19.7% |
| 2026 | +17.7% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and REPL good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and REPL?
The QQQ/REPL correlation stands at 0.07 on a 3-year window (1 year: 0.08, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is REPL a good diversifier for QQQ?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 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-repl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-repl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · REPL correlations
