QQQ vs SKYA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SkyAI, Inc. (SKYA) 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 SKYA?
Across a 3-year window, the weekly returns of QQQ and SKYA correlate at 0.07, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.16 over 1 year against 0.07 over 3. Stretching to 5 years gives 0.10, with an annualized covariance of 206.6 %².
By 3-year correlation, SKYA places #4073 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 116.4 percentage points, +26.3% for QQQ against -90.1% for SKYA. One caveat on sizing: SKYA is 7.4 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 SKYA: side by side
| QQQ (Invesco QQQ Trust) | SKYA (SkyAI, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -90.1% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 144.3% |
| Beta vs S&P 500 | 1.28 | 1.21 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | $0.1B |
| 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 | SKYA |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -65.6% |
| 2024 | +25.6% | -77.5% |
| 2025 | +20.8% | -99.7% |
| 2026 | +17.7% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SKYA good diversifiers for each other?
Yes. With a correlation of 0.07, QQQ and SKYA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SKYA?
The QQQ/SKYA correlation stands at 0.07 on a 3-year window (1 year: 0.16, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is SKYA a good diversifier for QQQ?
Yes. With a correlation of 0.07, QQQ and SKYA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-skya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-skya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SKYA correlations
