QQQ vs UNM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Unum Group (UNM) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UNM?
On 3 years of weekly data the QQQ/UNM correlation comes out at 0.17, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 78.6 %².
Among the 4755 assets we track against QQQ, UNM ranks #3211 by 3-year correlation. Over the last 12 months UNM came out ahead by 9.9 percentage points (+26.3% against +36.2%).
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 UNM: side by side
| QQQ (Invesco QQQ Trust) | UNM (Unum Group) | |
|---|---|---|
| 1-year return | +26.3% | +36.2% |
| 5-year return | +95.4% | +305.6% |
| Volatility (ann.) | 19.6% | 23.8% |
| Beta vs S&P 500 | 1.28 | 0.49 |
| Max drawdown (3Y) | -22.8% | -17.9% |
| Market cap | – | $14.6B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.44% | 2.06% |
| 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 | UNM |
|---|---|---|
| 2022 | -32.6% | +73.6% |
| 2023 | +54.9% | +13.7% |
| 2024 | +25.6% | +66.3% |
| 2025 | +20.8% | +8.6% |
| 2026 | +17.7% | +21.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UNM good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and UNM?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.19 over the last year and 0.19 over 5 years.
Is UNM a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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-unm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-unm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UNM correlations
