QQQ vs UROY: Correlation
How closely do Invesco QQQ Trust (QQQ) and Uranium Royalty Corp. (UROY) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UROY?
On 3 years of weekly data the QQQ/UROY correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 416.5 %².
By 3-year correlation, UROY places #976 of the 4755 assets tracked against QQQ. The last year tells two different stories: UROY led by 16.6 percentage points, +26.3% for QQQ against +42.9% for UROY. Risk is not evenly split, since UROY carries 3.1 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 UROY: side by side
| QQQ (Invesco QQQ Trust) | UROY (Uranium Royalty Corp.) | |
|---|---|---|
| 1-year return | +26.3% | +42.9% |
| 5-year return | +95.4% | +56.3% |
| Volatility (ann.) | 19.6% | 59.9% |
| Beta vs S&P 500 | 1.28 | 1.40 |
| Max drawdown (3Y) | -22.8% | -59.7% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 14.4 |
| 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 | UROY |
|---|---|---|
| 2022 | -32.6% | -35.1% |
| 2023 | +54.9% | +13.9% |
| 2024 | +25.6% | -18.9% |
| 2025 | +20.8% | +61.6% |
| 2026 | +17.7% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UROY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and UROY?
As of 2026-08-27, the correlation of weekly returns between QQQ and UROY is 0.36 over 3 years, 0.42 over 1 year and 0.37 over 5 years.
Is UROY a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-uroy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-uroy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · UROY correlations
