QQQ vs SHPH: Correlation
Invesco QQQ Trust (QQQ) and Shuttle Pharmaceuticals Holdings, Inc. (SHPH) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SHPH?
Over the past 3 years, QQQ and SHPH moved with a correlation of 0.12, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.27 versus 0.12 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 232.4 %².
By 3-year correlation, SHPH places #3692 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 114.7 percentage points, +26.3% for QQQ against -88.4% for SHPH. Risk is not evenly split, since SHPH carries 5.1 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 SHPH: side by side
| QQQ (Invesco QQQ Trust) | SHPH (Shuttle Pharmaceuticals Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -88.4% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 99.7% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -22.8% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 35.3 |
| 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 | SHPH |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -76.8% |
| 2024 | +25.6% | -76.4% |
| 2025 | +20.8% | -91.6% |
| 2026 | +17.7% | -78.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SHPH good diversifiers for each other?
Yes. With a correlation of 0.12, QQQ and SHPH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SHPH?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.27 over the last year and 0.23 over 5 years.
Is SHPH a good diversifier for QQQ?
Yes. With a correlation of 0.12, QQQ and SHPH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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.
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Related comparisons
Hubs: QQQ correlations · SHPH correlations
