QQQ vs UNCY: Correlation
How closely do Invesco QQQ Trust (QQQ) and Unicycive Therapeutics, Inc. (UNCY) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UNCY?
Across a 3-year window, the weekly returns of QQQ and UNCY correlate at 0.19, weak. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of 337.2 %².
Among the 4755 assets we track against QQQ, UNCY ranks #2989 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +28.8% for UNCY. Risk is not evenly split, since UNCY carries 4.5 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 UNCY: side by side
| QQQ (Invesco QQQ Trust) | UNCY (Unicycive Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +28.8% |
| 5-year return | +95.4% | -79.6% |
| Volatility (ann.) | 19.6% | 88.4% |
| Beta vs S&P 500 | 1.28 | 1.38 |
| Max drawdown (3Y) | -22.8% | -86.8% |
| 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 |
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 | UNCY |
|---|---|---|
| 2022 | -32.6% | -73.8% |
| 2023 | +54.9% | +60.7% |
| 2024 | +25.6% | -8.5% |
| 2025 | +20.8% | -27.3% |
| 2026 | +17.7% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UNCY good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and UNCY?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.17 over the last year and -0.03 over 5 years.
Is UNCY a good diversifier for QQQ?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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 · UNCY correlations
