QQQ vs UTF: Correlation
Invesco QQQ Trust (QQQ) and Cohen & Steers Infrastructure Fund, Inc (UTF) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UTF?
Across a 3-year window, the weekly returns of QQQ and UTF correlate at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at -0.00 versus 0.15 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 50.6 %².
Among the 4755 assets we track against QQQ, UTF ranks #3404 by 3-year correlation. The last year tells two different stories: QQQ led by 15.8 percentage points, +26.3% for QQQ against +10.5% for UTF.
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 UTF: side by side
| QQQ (Invesco QQQ Trust) | UTF (Cohen & Steers Infrastructure Fund, Inc) | |
|---|---|---|
| 1-year return | +26.3% | +10.5% |
| 5-year return | +95.4% | +35.3% |
| Volatility (ann.) | 19.6% | 17.3% |
| Beta vs S&P 500 | 1.28 | 0.36 |
| Max drawdown (3Y) | -22.8% | -15.0% |
| Market cap | – | – |
| P/E (trailing) | – | 6.9 |
| Dividend yield | 0.44% | 6.81% |
| 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 | UTF |
|---|---|---|
| 2022 | -32.6% | -9.7% |
| 2023 | +54.9% | -4.0% |
| 2024 | +25.6% | +22.2% |
| 2025 | +20.8% | +8.0% |
| 2026 | +17.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UTF good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and UTF?
As of 2026-08-27, the correlation of weekly returns between QQQ and UTF is 0.15 over 3 years, -0.00 over 1 year and 0.34 over 5 years.
Is UTF a good diversifier for QQQ?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
A reading of 0.15 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-utf.json
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Related comparisons
Hubs: QQQ correlations · UTF correlations
