QQQ vs SLXN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Silexion Therapeutics Corp (SLXN) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLXN?
Over the past 3 years, QQQ and SLXN moved with a correlation of 0.01, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.06 over 1 year against 0.01 over 3. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 103.5 %².
Among the 4755 assets we track against QQQ, SLXN ranks #4444 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 125.8 percentage points (+26.3% for QQQ against -99.5% for SLXN). One caveat on sizing: SLXN is 25.4 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 SLXN: side by side
| QQQ (Invesco QQQ Trust) | SLXN (Silexion Therapeutics Corp) | |
|---|---|---|
| 1-year return | +26.3% | -99.5% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 498.2% |
| Beta vs S&P 500 | 1.28 | 1.29 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| 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, 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 | SLXN |
|---|---|---|
| 2022 | -32.6% | +4.0% |
| 2023 | +54.9% | +7.7% |
| 2024 | +25.6% | -81.5% |
| 2025 | +20.8% | -93.6% |
| 2026 | +17.7% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLXN good diversifiers for each other?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SLXN?
As of 2026-08-27, the correlation of weekly returns between QQQ and SLXN is 0.01 over 3 years, 0.06 over 1 year and 0.01 over 5 years.
Is SLXN a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
What does a correlation of 0.01 mean?
A reading of 0.01 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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Related comparisons
Hubs: QQQ correlations · SLXN correlations
