QQQ vs USIO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Usio, Inc. (USIO) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and USIO?
Across a 3-year window, the weekly returns of QQQ and USIO correlate at 0.09, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.20) runs above the 3-year figure (0.09). Stretching to 5 years gives 0.14, with an annualized covariance of 100.7 %².
Within QQQ's tracked universe of 4755 assets, USIO comes in at #3937 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months USIO outperformed by 56.8 percentage points (+26.3% for QQQ against +83.1% for USIO). Risk is not evenly split, since USIO carries 3.0 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 USIO: side by side
| QQQ (Invesco QQQ Trust) | USIO (Usio, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +83.1% |
| 5-year return | +95.4% | -54.6% |
| Volatility (ann.) | 19.6% | 58.9% |
| Beta vs S&P 500 | 1.28 | 0.35 |
| Max drawdown (3Y) | -22.8% | -59.5% |
| Market cap | – | $0.1B |
| 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 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 | USIO |
|---|---|---|
| 2022 | -32.6% | -62.2% |
| 2023 | +54.9% | +4.2% |
| 2024 | +25.6% | -15.1% |
| 2025 | +20.8% | -6.8% |
| 2026 | +17.7% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and USIO good diversifiers for each other?
Yes. With a correlation of 0.09, QQQ and USIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and USIO?
The QQQ/USIO correlation stands at 0.09 on a 3-year window (1 year: 0.20, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is USIO a good diversifier for QQQ?
Yes. With a correlation of 0.09, QQQ and USIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · USIO correlations
