QQQ vs UONE: Correlation
Invesco QQQ Trust (QQQ) and Urban One, Inc. (UONE) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UONE?
Across a 3-year window, the weekly returns of QQQ and UONE correlate at 0.17, weak. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 220.3 %².
By 3-year correlation, UONE places #3212 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 96.7 percentage points (+26.3% for QQQ against -70.4% for UONE). One caveat on sizing: UONE is 3.4 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 UONE: side by side
| QQQ (Invesco QQQ Trust) | UONE (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -70.4% |
| 5-year return | +95.4% | -93.9% |
| Volatility (ann.) | 19.6% | 67.2% |
| Beta vs S&P 500 | 1.28 | 0.97 |
| Max drawdown (3Y) | -22.8% | -91.9% |
| 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 is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | UONE |
|---|---|---|
| 2022 | -32.6% | -2.2% |
| 2023 | +54.9% | -11.4% |
| 2024 | +25.6% | -61.8% |
| 2025 | +20.8% | -33.1% |
| 2026 | +17.7% | -53.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UONE good diversifiers for each other?
Yes. With a correlation of 0.17, QQQ and UONE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and UONE?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.23 over the last year and 0.19 over 5 years.
Is UONE a good diversifier for QQQ?
Yes. With a correlation of 0.17, QQQ and UONE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-uone.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-uone/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UONE correlations
