QQQ vs UVE: Correlation
Invesco QQQ Trust (QQQ) and UNIVERSAL INSURANCE HOLDINGS INC (UVE) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UVE?
On 3 years of weekly data the QQQ/UVE correlation comes out at 0.06, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.00) sits close to the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 37.2 %².
Among the 4755 assets we track against QQQ, UVE ranks #4148 by 3-year correlation. The last year tells two different stories: UVE led by 54.0 percentage points, +26.3% for QQQ against +80.3% for UVE. Risk is not evenly split, since UVE carries 1.7 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 UVE: side by side
| QQQ (Invesco QQQ Trust) | UVE (UNIVERSAL INSURANCE HOLDINGS INC) | |
|---|---|---|
| 1-year return | +26.3% | +80.3% |
| 5-year return | +95.4% | +277.8% |
| Volatility (ann.) | 19.6% | 33.5% |
| Beta vs S&P 500 | 1.28 | 0.36 |
| Max drawdown (3Y) | -22.8% | -25.7% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 5.7 |
| Dividend yield | 0.44% | 1.46% |
| 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 | UVE |
|---|---|---|
| 2022 | -32.6% | -33.5% |
| 2023 | +54.9% | +58.1% |
| 2024 | +25.6% | +36.8% |
| 2025 | +20.8% | +65.3% |
| 2026 | +17.7% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UVE good diversifiers for each other?
Yes. With a correlation of 0.06, QQQ and UVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and UVE?
The QQQ/UVE correlation stands at 0.06 on a 3-year window (1 year: -0.00, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is UVE a good diversifier for QQQ?
Yes. With a correlation of 0.06, QQQ and UVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 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-uve.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-uve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UVE correlations
