QQQ vs USAR: Correlation
Invesco QQQ Trust (QQQ) and USA Rare Earth, Inc. (USAR) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and USAR?
Across a 3-year window, the weekly returns of QQQ and USAR correlate at 0.06, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.06). Stretching to 5 years gives n/a, with an annualized covariance of 109.2 %².
By 3-year correlation, USAR places #4147 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +22.7%. One caveat on sizing: USAR is 5.0 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 USAR: side by side
| QQQ (Invesco QQQ Trust) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +22.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 98.3% |
| Beta vs S&P 500 | 1.28 | -0.14 |
| Max drawdown (3Y) | -22.8% | -69.2% |
| Market cap | – | $4.7B |
| 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 | USAR |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +11.1% |
| 2025 | +20.8% | +3.7% |
| 2026 | +17.7% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and USAR good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and USAR?
As of 2026-08-27, the correlation of weekly returns between QQQ and USAR is 0.06 over 3 years, 0.41 over 1 year and n/a over 5 years.
Is USAR a good diversifier for QQQ?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
A reading of 0.06 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-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · USAR correlations
