QQQ vs UFPT: Correlation
Invesco QQQ Trust (QQQ) and UFP Technologies, Inc. (UFPT) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UFPT?
On 3 years of weekly data the QQQ/UFPT correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.23 over 1 year against 0.32 over 3. The 5-year figure is 0.32, and annualized covariance runs at 325.1 %².
Within QQQ's tracked universe of 4755 assets, UFPT comes in at #1347 by 3-year correlation. The trailing year gives UFPT the advantage: +26.3% versus +39.8%, a 13.5-point spread. Risk is not evenly split, since UFPT carries 2.6 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 UFPT: side by side
| QQQ (Invesco QQQ Trust) | UFPT (UFP Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +39.8% |
| 5-year return | +95.4% | +340.3% |
| Volatility (ann.) | 19.6% | 51.7% |
| Beta vs S&P 500 | 1.28 | 1.34 |
| Max drawdown (3Y) | -22.8% | -48.3% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | 32.9 |
| 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 | UFPT |
|---|---|---|
| 2022 | -32.6% | +67.8% |
| 2023 | +54.9% | +45.9% |
| 2024 | +25.6% | +42.1% |
| 2025 | +20.8% | -9.2% |
| 2026 | +17.7% | +35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UFPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and UFPT?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.23 over the last year and 0.32 over 5 years.
Is UFPT a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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-ufpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-ufpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UFPT correlations
