QQQ vs SUPX: Correlation
Invesco QQQ Trust (QQQ) and SuperX AI Technology Limited (SUPX) show a near-zero relationship: their 3-year correlation of weekly returns is -0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SUPX?
On 3 years of weekly data the QQQ/SUPX correlation comes out at -0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.04). The 5-year figure is n/a, and annualized covariance runs at -84.8 %².
Among the 4755 assets we track against QQQ, SUPX ranks #4611 by 3-year correlation. The last year tells two different stories: QQQ led by 103.3 percentage points, +26.3% for QQQ against -77.0% for SUPX. One caveat on sizing: SUPX is 5.9 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 SUPX: side by side
| QQQ (Invesco QQQ Trust) | SUPX (SuperX AI Technology Limited) | |
|---|---|---|
| 1-year return | +26.3% | -77.0% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 115.6% |
| Beta vs S&P 500 | 1.28 | 0.01 |
| Max drawdown (3Y) | -22.8% | -92.3% |
| Market cap | – | $0.4B |
| 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 | SUPX |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | +318.1% |
| 2026 | +17.7% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SUPX good diversifiers for each other?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SUPX?
As of 2026-08-27, the correlation of weekly returns between QQQ and SUPX is -0.04 over 3 years, 0.14 over 1 year and n/a over 5 years.
Is SUPX a good diversifier for QQQ?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.04 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-supx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-supx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SUPX correlations
