QQQ vs UHAL: Correlation
Invesco QQQ Trust (QQQ) and U-Haul Holding Company (UHAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UHAL?
On 3 years of weekly data the QQQ/UHAL correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 200.3 %².
Within QQQ's tracked universe of 4755 assets, UHAL comes in at #975 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +19.1%, a 7.2-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 UHAL: side by side
| QQQ (Invesco QQQ Trust) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | +26.3% | +19.1% |
| 5-year return | +95.4% | +2.2% |
| Volatility (ann.) | 19.6% | 28.6% |
| Beta vs S&P 500 | 1.28 | 0.81 |
| Max drawdown (3Y) | -22.8% | -46.2% |
| Market cap | – | $13.4B |
| P/E (trailing) | – | 488.6 |
| 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 | UHAL |
|---|---|---|
| 2022 | -32.6% | -17.0% |
| 2023 | +54.9% | +19.3% |
| 2024 | +25.6% | -3.8% |
| 2025 | +20.8% | -27.0% |
| 2026 | +17.7% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UHAL good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and UHAL?
The QQQ/UHAL correlation stands at 0.36 on a 3-year window (1 year: 0.28, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is UHAL a good diversifier for QQQ?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UHAL correlations
