QQQ vs XMTR: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Xometry, Inc. (XMTR) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XMTR?
On 3 years of weekly data the QQQ/XMTR correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 708.2 %².
Among the 4755 assets we track against QQQ, XMTR ranks #504 by 3-year correlation. The last year tells two different stories: XMTR led by 76.6 percentage points, +26.3% for QQQ against +102.9% for XMTR. Risk is not evenly split, since XMTR carries 4.3 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 XMTR: side by side
| QQQ (Invesco QQQ Trust) | XMTR (Xometry, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +102.9% |
| 5-year return | +95.4% | +31.7% |
| Volatility (ann.) | 19.6% | 83.8% |
| Beta vs S&P 500 | 1.28 | 2.60 |
| Max drawdown (3Y) | -22.8% | -70.4% |
| Market cap | – | $5.5B |
| 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 |
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 | XMTR |
|---|---|---|
| 2022 | -32.6% | -37.1% |
| 2023 | +54.9% | +11.4% |
| 2024 | +25.6% | +18.8% |
| 2025 | +20.8% | +39.4% |
| 2026 | +17.7% | +61.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XMTR good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and XMTR?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.40 over the last year and 0.36 over 5 years.
Is XMTR a good diversifier for QQQ?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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-xmtr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-xmtr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · XMTR correlations
