QQQ vs UIS: Correlation
How closely do Invesco QQQ Trust (QQQ) and Unisys Corporation New (UIS) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UIS?
Across a 3-year window, the weekly returns of QQQ and UIS correlate at 0.37, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.37). Stretching to 5 years gives 0.28, with an annualized covariance of 578.1 %².
Among the 4755 assets we track against QQQ, UIS ranks #881 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 57.1 percentage points (+26.3% for QQQ against -30.8% for UIS). One caveat on sizing: UIS is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 UIS: side by side
| QQQ (Invesco QQQ Trust) | UIS (Unisys Corporation New) | |
|---|---|---|
| 1-year return | +26.3% | -30.8% |
| 5-year return | +95.4% | -88.7% |
| Volatility (ann.) | 19.6% | 80.0% |
| Beta vs S&P 500 | 1.28 | 2.01 |
| Max drawdown (3Y) | -22.8% | -77.6% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | UIS |
|---|---|---|
| 2022 | -32.6% | -75.2% |
| 2023 | +54.9% | +10.0% |
| 2024 | +25.6% | +12.6% |
| 2025 | +20.8% | -56.4% |
| 2026 | +17.7% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UIS good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and UIS?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.54 over the last year and 0.28 over 5 years.
Is UIS a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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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Related comparisons
Hubs: QQQ correlations · UIS correlations
