QQQ vs UK: Correlation
How closely do Invesco QQQ Trust (QQQ) and Ucommune International Ltd - Class A (UK) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UK?
Across a 3-year window, the weekly returns of QQQ and UK correlate at 0.10, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.10 over 3. Stretching to 5 years gives 0.11, with an annualized covariance of 129.3 %².
Within QQQ's tracked universe of 4755 assets, UK comes in at #3867 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 106.3 percentage points (+26.3% for QQQ against -80.0% for UK). Note the risk asymmetry: UK runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UK: side by side
| QQQ (Invesco QQQ Trust) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -80.0% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 67.7% |
| Beta vs S&P 500 | 1.28 | 0.52 |
| Max drawdown (3Y) | -22.8% | -96.4% |
| Market cap | – | – |
| 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 |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | UK |
|---|---|---|
| 2022 | -32.6% | -89.3% |
| 2023 | +54.9% | -79.1% |
| 2024 | +25.6% | -68.3% |
| 2025 | +20.8% | -46.4% |
| 2026 | +17.7% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UK good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and UK?
The QQQ/UK correlation stands at 0.10 on a 3-year window (1 year: 0.16, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is UK a good diversifier for QQQ?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-uk.json
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Related comparisons
Hubs: QQQ correlations · UK correlations
