QQQ vs UFPI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and UFP Industries, Inc. (UFPI) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UFPI?
On 3 years of weekly data the QQQ/UFPI correlation comes out at 0.31, moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.31). The 5-year figure is 0.43, and annualized covariance runs at 177.8 %².
Among the 4755 assets we track against QQQ, UFPI ranks #1444 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.4 points (+26.3% versus -16.1%).
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 UFPI: side by side
| QQQ (Invesco QQQ Trust) | UFPI (UFP Industries, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -16.1% |
| 5-year return | +95.4% | +16.0% |
| Volatility (ann.) | 19.6% | 29.4% |
| Beta vs S&P 500 | 1.28 | 0.82 |
| Max drawdown (3Y) | -22.8% | -41.9% |
| Market cap | – | $4.7B |
| P/E (trailing) | – | 19.7 |
| Dividend yield | 0.44% | 1.64% |
| 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 | UFPI |
|---|---|---|
| 2022 | -32.6% | -12.9% |
| 2023 | +54.9% | +60.3% |
| 2024 | +25.6% | -9.3% |
| 2025 | +20.8% | -18.0% |
| 2026 | +17.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UFPI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and UFPI?
The QQQ/UFPI correlation stands at 0.31 on a 3-year window (1 year: 0.06, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is UFPI a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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-ufpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-ufpi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UFPI correlations
