QQQ vs SPIR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Spire Global, Inc. (SPIR) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPIR?
On 3 years of weekly data the QQQ/SPIR correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.32 over 3. The 5-year figure is 0.37, and annualized covariance runs at 581.3 %².
By 3-year correlation, SPIR places #1340 of the 4755 assets tracked against QQQ. The last year tells two different stories: SPIR led by 27.4 percentage points, +26.3% for QQQ against +53.7% for SPIR. Risk is not evenly split, since SPIR carries 4.8 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 SPIR: side by side
| QQQ (Invesco QQQ Trust) | SPIR (Spire Global, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +53.7% |
| 5-year return | +95.4% | -81.3% |
| Volatility (ann.) | 19.6% | 94.0% |
| Beta vs S&P 500 | 1.28 | 2.35 |
| Max drawdown (3Y) | -22.8% | -66.2% |
| Market cap | – | $0.6B |
| 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 | SPIR |
|---|---|---|
| 2022 | -32.6% | -71.6% |
| 2023 | +54.9% | +1.8% |
| 2024 | +25.6% | +79.9% |
| 2025 | +20.8% | -46.7% |
| 2026 | +17.7% | +86.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPIR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SPIR?
The QQQ/SPIR correlation stands at 0.32 on a 3-year window (1 year: 0.42, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SPIR a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-spir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-spir/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SPIR correlations
