QQQ vs XBIO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Xenetic Biosciences, Inc. (XBIO) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XBIO?
Over the past 3 years, QQQ and XBIO moved with a correlation of 0.06, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.01 lands near the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 101.2 %².
Within QQQ's tracked universe of 4755 assets, XBIO comes in at #4152 by 3-year correlation. Over the last 12 months XBIO came out ahead by 13.5 percentage points (+26.3% against +39.8%). Risk is not evenly split, since XBIO carries 4.6 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 XBIO: side by side
| QQQ (Invesco QQQ Trust) | XBIO (Xenetic Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +39.8% |
| 5-year return | +95.4% | -86.8% |
| Volatility (ann.) | 19.6% | 90.1% |
| Beta vs S&P 500 | 1.28 | 0.46 |
| Max drawdown (3Y) | -22.8% | -80.5% |
| 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 | XBIO |
|---|---|---|
| 2022 | -32.6% | -77.9% |
| 2023 | +54.9% | +21.1% |
| 2024 | +25.6% | +15.7% |
| 2025 | +20.8% | -45.6% |
| 2026 | +17.7% | +82.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XBIO good diversifiers for each other?
Yes. With a correlation of 0.06, QQQ and XBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and XBIO?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with -0.01 over the last year and 0.16 over 5 years.
Is XBIO a good diversifier for QQQ?
Yes. With a correlation of 0.06, QQQ and XBIO 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-xbio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-xbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · XBIO correlations
