QQQ vs XOM: Correlation
Invesco QQQ Trust (QQQ) and ExxonMobil (XOM) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XOM?
Over the past 3 years, QQQ and XOM moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.14). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -65.2 %².
Within QQQ's tracked universe of 4755 assets, XOM comes in at #4738 by 3-year correlation. The last year tells two different stories: XOM led by 16.5 percentage points, +26.3% for QQQ against +42.8% for XOM. This link changes with the market regime, having swung between -0.56 and 0.30 on a rolling one-year basis.
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 XOM: side by side
| QQQ (Invesco QQQ Trust) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +26.3% | +42.8% |
| 5-year return | +95.4% | +237.9% |
| Volatility (ann.) | 19.6% | 24.3% |
| Beta vs S&P 500 | 1.28 | 0.01 |
| Max drawdown (3Y) | -22.8% | -20.1% |
| Market cap | – | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.44% | 2.58% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Energy |
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 | XOM |
|---|---|---|
| 2022 | -32.6% | +87.4% |
| 2023 | +54.9% | -6.3% |
| 2024 | +25.6% | +11.3% |
| 2025 | +20.8% | +16.0% |
| 2026 | +17.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XOM good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and XOM?
The QQQ/XOM correlation stands at -0.14 on a 3-year window (1 year: -0.55, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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
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Related comparisons
Hubs: QQQ correlations · XOM correlations
