QQQ vs UPBD: Correlation
How closely do Invesco QQQ Trust (QQQ) and Upbound Group, Inc. (UPBD) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UPBD?
On 3 years of weekly data the QQQ/UPBD correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 257.8 %².
By 3-year correlation, UPBD places #1348 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 46.1 percentage points, +26.3% for QQQ against -19.8% for UPBD. Risk is not evenly split, since UPBD carries 2.1 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 UPBD: side by side
| QQQ (Invesco QQQ Trust) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -19.8% |
| 5-year return | +95.4% | -60.7% |
| Volatility (ann.) | 19.6% | 41.4% |
| Beta vs S&P 500 | 1.28 | 1.23 |
| Max drawdown (3Y) | -22.8% | -54.2% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.44% | 8.02% |
| 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 | UPBD |
|---|---|---|
| 2022 | -32.6% | -49.9% |
| 2023 | +54.9% | +57.9% |
| 2024 | +25.6% | -10.1% |
| 2025 | +20.8% | -35.4% |
| 2026 | +17.7% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UPBD good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and UPBD?
As of 2026-08-27, the correlation of weekly returns between QQQ and UPBD is 0.32 over 3 years, 0.25 over 1 year and 0.36 over 5 years.
Is UPBD a good diversifier for QQQ?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-upbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-upbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · UPBD correlations
