QQQ vs SKYE: Correlation
Invesco QQQ Trust (QQQ) and Skye Bioscience, Inc. (SKYE) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SKYE?
Across a 3-year window, the weekly returns of QQQ and SKYE correlate at 0.11, weak. Recent behaviour matches the longer record: 0.10 over 1 year against 0.11 over 3. Stretching to 5 years gives 0.09, with an annualized covariance of 791.0 %².
By 3-year correlation, SKYE places #3783 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 69.9 percentage points (+26.3% for QQQ against -43.6% for SKYE). Note the risk asymmetry: SKYE runs 19.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SKYE: side by side
| QQQ (Invesco QQQ Trust) | SKYE (Skye Bioscience, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -43.6% |
| 5-year return | +95.4% | -94.3% |
| Volatility (ann.) | 19.6% | 384.6% |
| Beta vs S&P 500 | 1.28 | 2.80 |
| Max drawdown (3Y) | -22.8% | -98.4% |
| Market cap | – | – |
| 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 | SKYE |
|---|---|---|
| 2022 | -32.6% | -69.2% |
| 2023 | +54.9% | -32.0% |
| 2024 | +25.6% | +4.0% |
| 2025 | +20.8% | -73.5% |
| 2026 | +17.7% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SKYE good diversifiers for each other?
Yes. With a correlation of 0.11, QQQ and SKYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SKYE?
The QQQ/SKYE correlation stands at 0.11 on a 3-year window (1 year: 0.10, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is SKYE a good diversifier for QQQ?
Yes. With a correlation of 0.11, QQQ and SKYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-skye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-skye/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SKYE correlations
