QQQ vs SANA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sana Biotechnology, Inc. (SANA) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SANA?
Across a 3-year window, the weekly returns of QQQ and SANA correlate at 0.22, weak. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.22). Stretching to 5 years gives 0.34, with an annualized covariance of 493.4 %².
Within QQQ's tracked universe of 4755 assets, SANA comes in at #2585 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +21.4% for SANA. Risk is not evenly split, since SANA carries 5.9 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 SANA: side by side
| QQQ (Invesco QQQ Trust) | SANA (Sana Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +21.4% |
| 5-year return | +95.4% | -82.9% |
| Volatility (ann.) | 19.6% | 115.0% |
| Beta vs S&P 500 | 1.28 | 1.88 |
| Max drawdown (3Y) | -22.8% | -88.1% |
| Market cap | – | $1.2B |
| 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 | SANA |
|---|---|---|
| 2022 | -32.6% | -74.5% |
| 2023 | +54.9% | +3.3% |
| 2024 | +25.6% | -60.0% |
| 2025 | +20.8% | +149.7% |
| 2026 | +17.7% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SANA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SANA?
As of 2026-08-27, the correlation of weekly returns between QQQ and SANA is 0.22 over 3 years, 0.54 over 1 year and 0.34 over 5 years.
Is SANA a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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-sana.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: QQQ correlations · SANA correlations
