QQQ vs UAVS: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and AgEagle Aerial Systems, Inc. (UAVS) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UAVS?
Over the past 3 years, QQQ and UAVS moved with a correlation of 0.22, which is weak. The past 12 months show a tighter link (0.52) than the 3-year average (0.22). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 616.7 %².
By 3-year correlation, UAVS places #2602 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 68.6 percentage points (+26.3% for QQQ against -42.3% for UAVS). Note the risk asymmetry: UAVS runs 7.4 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 UAVS: side by side
| QQQ (Invesco QQQ Trust) | UAVS (AgEagle Aerial Systems, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -42.3% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 145.0% |
| Beta vs S&P 500 | 1.28 | 2.34 |
| Max drawdown (3Y) | -22.8% | -99.7% |
| Market cap | – | $0.1B |
| 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 | UAVS |
|---|---|---|
| 2022 | -32.6% | -77.7% |
| 2023 | +54.9% | -71.4% |
| 2024 | +25.6% | -96.5% |
| 2025 | +20.8% | -76.7% |
| 2026 | +17.7% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UAVS good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and UAVS?
The QQQ/UAVS correlation stands at 0.22 on a 3-year window (1 year: 0.52, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is UAVS a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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-uavs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-uavs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · UAVS correlations
