QQQ vs UBER: Correlation
Invesco QQQ Trust (QQQ) and Uber (UBER) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UBER?
Across a 3-year window, the weekly returns of QQQ and UBER correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 365.1 %².
Among the 4755 assets we track against QQQ, UBER ranks #257 by 3-year correlation. The last year tells two different stories: QQQ led by 45.6 percentage points, +26.3% for QQQ against -19.3% for UBER. Across three years, the rolling one-year figure varied moderately, from 0.30 to 0.74. Risk is not evenly split, since UBER carries 1.9 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 UBER: side by side
| QQQ (Invesco QQQ Trust) | UBER (Uber) | |
|---|---|---|
| 1-year return | +26.3% | -19.3% |
| 5-year return | +95.4% | +94.4% |
| Volatility (ann.) | 19.6% | 36.7% |
| Beta vs S&P 500 | 1.28 | 1.34 |
| Max drawdown (3Y) | -22.8% | -34.1% |
| Market cap | – | $157.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | UBER |
|---|---|---|
| 2022 | -32.6% | -41.0% |
| 2023 | +54.9% | +149.0% |
| 2024 | +25.6% | -2.0% |
| 2025 | +20.8% | +35.5% |
| 2026 | +17.7% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UBER good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and UBER?
The QQQ/UBER correlation stands at 0.51 on a 3-year window (1 year: 0.44, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is UBER a good diversifier for QQQ?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UBER correlations
