QQQ vs UFI: Correlation
Invesco QQQ Trust (QQQ) and Unifi, Inc. New (UFI) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UFI?
Across a 3-year window, the weekly returns of QQQ and UFI correlate at 0.08, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.08 over 1 year against 0.08 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 76.2 %².
Among the 4755 assets we track against QQQ, UFI ranks #4015 by 3-year correlation. Correlation aside, the last 12 months split them widely, with UFI ahead by 43.4 points (+26.3% versus +69.7%). Note the risk asymmetry: UFI runs 2.4 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 UFI: side by side
| QQQ (Invesco QQQ Trust) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | +26.3% | +69.7% |
| 5-year return | +95.4% | -65.5% |
| Volatility (ann.) | 19.6% | 47.6% |
| Beta vs S&P 500 | 1.28 | 0.44 |
| Max drawdown (3Y) | -22.8% | -61.5% |
| 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 |
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 | UFI |
|---|---|---|
| 2022 | -32.6% | -62.8% |
| 2023 | +54.9% | -22.6% |
| 2024 | +25.6% | -6.2% |
| 2025 | +20.8% | -44.0% |
| 2026 | +17.7% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UFI good diversifiers for each other?
Yes. With a correlation of 0.08, QQQ and UFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and UFI?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with 0.08 over the last year and 0.29 over 5 years.
Is UFI a good diversifier for QQQ?
Yes. With a correlation of 0.08, QQQ and UFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · UFI correlations
