QQQ vs SERV: Correlation
Invesco QQQ Trust (QQQ) and Serve Robotics Inc. (SERV) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SERV?
Across a 3-year window, the weekly returns of QQQ and SERV correlate at 0.07, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.42 versus 0.07 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 258.2 %².
Within QQQ's tracked universe of 4755 assets, SERV comes in at #4071 by 3-year correlation. The last year tells two different stories: QQQ led by 84.3 percentage points, +26.3% for QQQ against -58.0% for SERV. Risk is not evenly split, since SERV carries 9.5 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 SERV: side by side
| QQQ (Invesco QQQ Trust) | SERV (Serve Robotics Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -58.0% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 186.9% |
| Beta vs S&P 500 | 1.28 | 1.18 |
| Max drawdown (3Y) | -22.8% | -92.4% |
| Market cap | – | $0.4B |
| 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 | SERV |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -23.1% |
| 2026 | +17.7% | -53.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SERV good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SERV?
As of 2026-08-27, the correlation of weekly returns between QQQ and SERV is 0.07 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is SERV a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
A reading of 0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: QQQ correlations · SERV correlations
