QQQ vs UPXI: Correlation
Invesco QQQ Trust (QQQ) and Upexi, Inc. (UPXI) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UPXI?
Over the past 3 years, QQQ and UPXI moved with a correlation of 0.22, which is weak. Recent behaviour matches the longer record: 0.28 over 1 year against 0.22 over 3. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 1577.4 %².
Within QQQ's tracked universe of 4755 assets, UPXI comes in at #2604 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 112.2 points (+26.3% versus -85.9%). One caveat on sizing: UPXI is 18.6 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 UPXI: side by side
| QQQ (Invesco QQQ Trust) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -85.9% |
| 5-year return | +95.4% | -98.9% |
| Volatility (ann.) | 19.6% | 364.4% |
| Beta vs S&P 500 | 1.28 | 5.11 |
| Max drawdown (3Y) | -22.8% | -98.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 2.0 |
| 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 | UPXI |
|---|---|---|
| 2022 | -32.6% | -25.4% |
| 2023 | +54.9% | -61.3% |
| 2024 | +25.6% | -84.9% |
| 2025 | +20.8% | -52.1% |
| 2026 | +17.7% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UPXI good diversifiers for each other?
Reasonably. At 0.22, QQQ and UPXI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and UPXI?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.28 over the last year and 0.18 over 5 years.
Is UPXI a good diversifier for QQQ?
Reasonably. At 0.22, QQQ and UPXI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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-upxi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-upxi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · UPXI correlations
