QQQ vs UPC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Universe Pharmaceuticals Inc - Class A (UPC) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UPC?
On 3 years of weekly data the QQQ/UPC correlation comes out at 0.13, weak. The past 12 months show a tighter link (0.26) than the 3-year average (0.13). The 5-year figure is 0.08, and annualized covariance runs at 466.3 %².
By 3-year correlation, UPC places #3598 of the 4755 assets tracked against QQQ. Over the last 12 months UPC came out ahead by 10.7 percentage points (+26.3% against +37.0%). Risk is not evenly split, since UPC carries 9.6 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 UPC: side by side
| QQQ (Invesco QQQ Trust) | UPC (Universe Pharmaceuticals Inc - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +37.0% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 187.7% |
| Beta vs S&P 500 | 1.28 | 2.00 |
| Max drawdown (3Y) | -22.8% | -99.9% |
| 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, 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 | UPC |
|---|---|---|
| 2022 | -32.6% | -11.3% |
| 2023 | +54.9% | -76.9% |
| 2024 | +25.6% | -98.0% |
| 2025 | +20.8% | -84.4% |
| 2026 | +17.7% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UPC good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and UPC?
As of 2026-08-27, the correlation of weekly returns between QQQ and UPC is 0.13 over 3 years, 0.26 over 1 year and 0.08 over 5 years.
Is UPC a good diversifier for QQQ?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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-upc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-upc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · UPC correlations
