QQQ vs USBC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and USBC, Inc. (USBC) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and USBC?
Over the past 3 years, QQQ and USBC moved with a correlation of 0.22, which is weak. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 849.8 %².
By 3-year correlation, USBC places #2605 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 84.0 percentage points, +26.3% for QQQ against -57.7% for USBC. One caveat on sizing: USBC is 9.9 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 USBC: side by side
| QQQ (Invesco QQQ Trust) | USBC (USBC, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -57.7% |
| 5-year return | +95.4% | -99.5% |
| Volatility (ann.) | 19.6% | 193.2% |
| Beta vs S&P 500 | 1.28 | 2.72 |
| Max drawdown (3Y) | -22.8% | -99.2% |
| Market cap | – | $0.2B |
| 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 | USBC |
|---|---|---|
| 2022 | -32.6% | -5.9% |
| 2023 | +54.9% | -68.1% |
| 2024 | +25.6% | -66.7% |
| 2025 | +20.8% | -90.7% |
| 2026 | +17.7% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and USBC good diversifiers for each other?
Reasonably. At 0.22, QQQ and USBC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and USBC?
The QQQ/USBC correlation stands at 0.22 on a 3-year window (1 year: 0.30, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is USBC a good diversifier for QQQ?
Reasonably. At 0.22, QQQ and USBC 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-usbc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-usbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · USBC correlations
