QQQ vs UE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Urban Edge Properties (UE) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UE?
Over the past 3 years, QQQ and UE moved with a correlation of 0.28, which is weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.28). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 129.7 %².
Within QQQ's tracked universe of 4755 assets, UE comes in at #1786 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.4 percentage points (+26.3% for QQQ against +6.9% for UE).
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 UE: side by side
| QQQ (Invesco QQQ Trust) | UE (Urban Edge Properties) | |
|---|---|---|
| 1-year return | +26.3% | +6.9% |
| 5-year return | +95.4% | +37.5% |
| Volatility (ann.) | 19.6% | 23.3% |
| Beta vs S&P 500 | 1.28 | 0.70 |
| Max drawdown (3Y) | -22.8% | -29.7% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 40.2 |
| Dividend yield | 0.44% | 3.73% |
| 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 | UE |
|---|---|---|
| 2022 | -32.6% | -22.8% |
| 2023 | +54.9% | +35.3% |
| 2024 | +25.6% | +21.7% |
| 2025 | +20.8% | -7.2% |
| 2026 | +17.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and UE?
The QQQ/UE correlation stands at 0.28 on a 3-year window (1 year: -0.04, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is UE a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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-ue.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-ue/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · UE correlations
