QQQ vs UTI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Universal Technical Institute Inc (UTI) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UTI?
On 3 years of weekly data the QQQ/UTI correlation comes out at 0.13, weak. The past 12 months show a weaker link (-0.00) than the 3-year average (0.13). The 5-year figure is 0.18, and annualized covariance runs at 138.8 %².
Within QQQ's tracked universe of 4755 assets, UTI comes in at #3599 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 46.5 percentage points (+26.3% for QQQ against -20.2% for UTI). Risk is not evenly split, since UTI carries 2.8 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 UTI: side by side
| QQQ (Invesco QQQ Trust) | UTI (Universal Technical Institute Inc) | |
|---|---|---|
| 1-year return | +26.3% | -20.2% |
| 5-year return | +95.4% | +211.1% |
| Volatility (ann.) | 19.6% | 54.6% |
| Beta vs S&P 500 | 1.28 | 0.64 |
| Max drawdown (3Y) | -22.8% | -57.8% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | UTI |
|---|---|---|
| 2022 | -32.6% | -14.1% |
| 2023 | +54.9% | +86.3% |
| 2024 | +25.6% | +105.4% |
| 2025 | +20.8% | +1.6% |
| 2026 | +17.7% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UTI good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and UTI?
As of 2026-08-27, the correlation of weekly returns between QQQ and UTI is 0.13 over 3 years, -0.00 over 1 year and 0.18 over 5 years.
Is UTI a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-uti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-uti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · UTI correlations
