QQQ vs USAU: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and U.S. Gold Corp. (USAU) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and USAU?
Over the past 3 years, QQQ and USAU moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 450.7 %².
By 3-year correlation, USAU places #1242 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +23.6% for USAU. Risk is not evenly split, since USAU carries 3.5 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 USAU: side by side
| QQQ (Invesco QQQ Trust) | USAU (U.S. Gold Corp.) | |
|---|---|---|
| 1-year return | +26.3% | +23.6% |
| 5-year return | +95.4% | +73.0% |
| Volatility (ann.) | 19.6% | 69.5% |
| Beta vs S&P 500 | 1.28 | 1.73 |
| Max drawdown (3Y) | -22.8% | -44.0% |
| Market cap | – | $0.3B |
| 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 | USAU |
|---|---|---|
| 2022 | -32.6% | -46.5% |
| 2023 | +54.9% | -11.5% |
| 2024 | +25.6% | +44.2% |
| 2025 | +20.8% | +216.6% |
| 2026 | +17.7% | -15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and USAU good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and USAU?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.43 over the last year and 0.33 over 5 years.
Is USAU a good diversifier for QQQ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: QQQ correlations · USAU correlations
