QQQ vs UGI: Correlation
Invesco QQQ Trust (QQQ) and UGI Corporation (UGI) 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 UGI?
Over the past 3 years, QQQ and UGI moved with a correlation of -0.08, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.08 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is -44.4 %².
By 3-year correlation, UGI places #4702 of the 4755 assets tracked against QQQ. The trailing year gives QQQ the advantage: +26.3% versus +13.8%, a 12.5-point spread.
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 UGI: side by side
| QQQ (Invesco QQQ Trust) | UGI (UGI Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +13.8% |
| 5-year return | +95.4% | +3.7% |
| Volatility (ann.) | 19.6% | 28.1% |
| Beta vs S&P 500 | 1.28 | 0.14 |
| Max drawdown (3Y) | -22.8% | -19.6% |
| Market cap | – | $8.2B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.44% | 3.90% |
| 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 | UGI |
|---|---|---|
| 2022 | -32.6% | -16.1% |
| 2023 | +54.9% | -29.8% |
| 2024 | +25.6% | +21.9% |
| 2025 | +20.8% | +38.3% |
| 2026 | +17.7% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UGI good diversifiers for each other?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and UGI?
Using weekly returns as of 2026-08-27: -0.08 over 3 years, with -0.32 over the last year and 0.19 over 5 years.
Is UGI a good diversifier for QQQ?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.08 mean?
A reading of -0.08 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-ugi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-ugi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · UGI correlations
