QQQ vs UONEK: Correlation
Invesco QQQ Trust (QQQ) and Urban One, Inc. (UONEK) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UONEK?
On 3 years of weekly data the QQQ/UONEK correlation comes out at 0.09, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.09 over 3 years. The 5-year figure is 0.12, and annualized covariance runs at 141.0 %².
Within QQQ's tracked universe of 4755 assets, UONEK comes in at #3936 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 73.1 points (+26.3% versus -46.8%). Risk is not evenly split, since UONEK carries 4.2 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 UONEK: side by side
| QQQ (Invesco QQQ Trust) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -46.8% |
| 5-year return | +95.4% | -93.7% |
| Volatility (ann.) | 19.6% | 82.3% |
| Beta vs S&P 500 | 1.28 | 0.73 |
| Max drawdown (3Y) | -22.8% | -93.1% |
| 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 | UONEK |
|---|---|---|
| 2022 | -32.6% | +10.9% |
| 2023 | +54.9% | -6.1% |
| 2024 | +25.6% | -71.7% |
| 2025 | +20.8% | -14.0% |
| 2026 | +17.7% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UONEK good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and UONEK?
The QQQ/UONEK correlation stands at 0.09 on a 3-year window (1 year: -0.04, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is UONEK a good diversifier for QQQ?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 mean?
A reading of 0.09 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
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Related comparisons
Hubs: QQQ correlations · UONEK correlations
