QQQ vs UEIC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Universal Electronics Inc. (UEIC) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UEIC?
On 3 years of weekly data the QQQ/UEIC correlation comes out at 0.17, weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.17 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 184.3 %².
Within QQQ's tracked universe of 4755 assets, UEIC comes in at #3207 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.8 points (+26.3% versus -9.5%). One caveat on sizing: UEIC is 2.9 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 UEIC: side by side
| QQQ (Invesco QQQ Trust) | UEIC (Universal Electronics Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -9.5% |
| 5-year return | +95.4% | -91.0% |
| Volatility (ann.) | 19.6% | 56.2% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -79.8% |
| 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 is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | UEIC |
|---|---|---|
| 2022 | -32.6% | -48.9% |
| 2023 | +54.9% | -54.9% |
| 2024 | +25.6% | +17.1% |
| 2025 | +20.8% | -67.2% |
| 2026 | +17.7% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UEIC good diversifiers for each other?
Yes. With a correlation of 0.17, QQQ and UEIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and UEIC?
As of 2026-08-27, the correlation of weekly returns between QQQ and UEIC is 0.17 over 3 years, 0.03 over 1 year and 0.20 over 5 years.
Is UEIC a good diversifier for QQQ?
Yes. With a correlation of 0.17, QQQ and UEIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-ueic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-ueic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · UEIC correlations
