QQQ vs SYRE: Correlation
How closely do Invesco QQQ Trust (QQQ) and Spyre Therapeutics, Inc. (SYRE) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SYRE?
On 3 years of weekly data the QQQ/SYRE correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 407.3 %².
Within QQQ's tracked universe of 4755 assets, SYRE comes in at #2182 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SYRE outperformed by 419.9 percentage points (+26.3% for QQQ against +446.2% for SYRE). Risk is not evenly split, since SYRE carries 4.3 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 SYRE: side by side
| QQQ (Invesco QQQ Trust) | SYRE (Spyre Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +446.2% |
| 5-year return | +95.4% | -47.5% |
| Volatility (ann.) | 19.6% | 83.8% |
| Beta vs S&P 500 | 1.28 | 1.80 |
| Max drawdown (3Y) | -22.8% | -74.0% |
| Market cap | – | $8.3B |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SYRE |
|---|---|---|
| 2022 | -32.6% | -90.5% |
| 2023 | +54.9% | +91.3% |
| 2024 | +25.6% | +8.2% |
| 2025 | +20.8% | +40.7% |
| 2026 | +17.7% | +185.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SYRE good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SYRE?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.32 over the last year and 0.13 over 5 years.
Is SYRE a good diversifier for QQQ?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 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-syre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-syre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SYRE correlations
