QQQ vs URI: Correlation
Invesco QQQ Trust (QQQ) and United Rentals (URI) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and URI?
Across a 3-year window, the weekly returns of QQQ and URI correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.50, with an annualized covariance of 339.4 %².
Among the 4755 assets we track against QQQ, URI ranks #461 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 16.1 percentage points (+26.3% for QQQ against +10.2% for URI). This link changes with the market regime, having swung between 0.10 and 0.70 on a rolling one-year basis. Note the risk asymmetry: URI runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 URI: side by side
| QQQ (Invesco QQQ Trust) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +26.3% | +10.2% |
| 5-year return | +95.4% | +204.1% |
| Volatility (ann.) | 19.6% | 39.5% |
| Beta vs S&P 500 | 1.28 | 1.42 |
| Max drawdown (3Y) | -22.8% | -37.0% |
| Market cap | – | $64.6B |
| P/E (trailing) | – | 25.4 |
| Dividend yield | 0.44% | 0.71% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | URI |
|---|---|---|
| 2022 | -32.6% | +7.0% |
| 2023 | +54.9% | +63.6% |
| 2024 | +25.6% | +24.0% |
| 2025 | +20.8% | +15.9% |
| 2026 | +17.7% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and URI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and URI?
As of 2026-08-27, the correlation of weekly returns between QQQ and URI is 0.44 over 3 years, 0.14 over 1 year and 0.50 over 5 years.
Is URI a good diversifier for QQQ?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · URI correlations
