QQQ vs UI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Ubiquiti Inc. (UI) 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 UI?
On 3 years of weekly data the QQQ/UI correlation comes out at 0.31, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.31 over 3. The 5-year figure is 0.34, and annualized covariance runs at 324.2 %².
Among the 4755 assets we track against QQQ, UI ranks #1445 by 3-year correlation. Over the last 12 months QQQ came out ahead by 12.6 percentage points (+26.3% against +13.7%). Risk is not evenly split, since UI carries 2.7 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 UI: side by side
| QQQ (Invesco QQQ Trust) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +13.7% |
| 5-year return | +95.4% | +84.4% |
| Volatility (ann.) | 19.6% | 53.4% |
| Beta vs S&P 500 | 1.28 | 1.36 |
| Max drawdown (3Y) | -22.8% | -51.7% |
| Market cap | – | $35.9B |
| P/E (trailing) | – | 37.6 |
| Dividend yield | 0.44% | 0.57% |
| 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 | UI |
|---|---|---|
| 2022 | -32.6% | -10.0% |
| 2023 | +54.9% | -48.2% |
| 2024 | +25.6% | +141.2% |
| 2025 | +20.8% | +67.7% |
| 2026 | +17.7% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UI good diversifiers for each other?
Reasonably. At 0.31, QQQ and UI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and UI?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.32 over the last year and 0.34 over 5 years.
Is UI a good diversifier for QQQ?
Reasonably. At 0.31, QQQ and UI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
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Hubs: QQQ correlations · UI correlations
