QQQ vs UVSP: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Univest Financial Corporation (UVSP) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UVSP?
Over the past 3 years, QQQ and UVSP moved with a correlation of 0.27, which is weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.27). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 153.3 %².
By 3-year correlation, UVSP places #1925 of the 4755 assets tracked against QQQ. The trailing year gives UVSP the advantage: +26.3% versus +34.0%, a 7.7-point spread.
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 UVSP: side by side
| QQQ (Invesco QQQ Trust) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +34.0% |
| 5-year return | +95.4% | +81.7% |
| Volatility (ann.) | 19.6% | 29.4% |
| Beta vs S&P 500 | 1.28 | 0.81 |
| Max drawdown (3Y) | -22.8% | -20.9% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 0.44% | 2.16% |
| 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 | UVSP |
|---|---|---|
| 2022 | -32.6% | -9.9% |
| 2023 | +54.9% | -12.1% |
| 2024 | +25.6% | +38.8% |
| 2025 | +20.8% | +14.3% |
| 2026 | +17.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UVSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and UVSP?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.01 over the last year and 0.24 over 5 years.
Is UVSP a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UVSP correlations
