QQQ vs UTSI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and UTStarcom Holdings Corp (UTSI) 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 UTSI?
On 3 years of weekly data the QQQ/UTSI correlation comes out at 0.22, weak. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 211.6 %².
By 3-year correlation, UTSI places #2608 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 34.2 percentage points, +26.3% for QQQ against -7.9% for UTSI. Note the risk asymmetry: UTSI runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UTSI: side by side
| QQQ (Invesco QQQ Trust) | UTSI (UTStarcom Holdings Corp) | |
|---|---|---|
| 1-year return | +26.3% | -7.9% |
| 5-year return | +95.4% | -54.7% |
| Volatility (ann.) | 19.6% | 48.3% |
| Beta vs S&P 500 | 1.28 | 0.72 |
| Max drawdown (3Y) | -22.8% | -48.1% |
| Market cap | – | – |
| 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 | UTSI |
|---|---|---|
| 2022 | -32.6% | +2.0% |
| 2023 | +54.9% | -3.1% |
| 2024 | +25.6% | -15.7% |
| 2025 | +20.8% | -12.4% |
| 2026 | +17.7% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UTSI good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and UTSI?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.23 over the last year and 0.25 over 5 years.
Is UTSI a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-utsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-utsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · UTSI correlations
