QQQ vs UVV: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Universal Corporation (UVV) carry a correlation of 0.00, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UVV?
On 3 years of weekly data the QQQ/UVV correlation comes out at 0.00, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (0.00). The 5-year figure is 0.07, and annualized covariance runs at 2.4 %².
By 3-year correlation, UVV places #4490 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 37.9 percentage points, +26.3% for QQQ against -11.6% for UVV.
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 UVV: side by side
| QQQ (Invesco QQQ Trust) | UVV (Universal Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -11.6% |
| 5-year return | +95.4% | +25.0% |
| Volatility (ann.) | 19.6% | 27.0% |
| Beta vs S&P 500 | 1.28 | 0.23 |
| Max drawdown (3Y) | -22.8% | -29.7% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.44% | 7.05% |
| 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 | UVV |
|---|---|---|
| 2022 | -32.6% | +1.8% |
| 2023 | +54.9% | +35.8% |
| 2024 | +25.6% | -13.4% |
| 2025 | +20.8% | +2.3% |
| 2026 | +17.7% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UVV good diversifiers for each other?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and UVV?
As of 2026-08-27, the correlation of weekly returns between QQQ and UVV is 0.00 over 3 years, -0.28 over 1 year and 0.07 over 5 years.
Is UVV a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
What does a correlation of 0.00 mean?
On the −1 to +1 scale, 0.00 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-uvv.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: QQQ correlations · UVV correlations
