QQQ vs XPEL: Correlation
Invesco QQQ Trust (QQQ) and XPEL, Inc. (XPEL) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XPEL?
Across a 3-year window, the weekly returns of QQQ and XPEL correlate at 0.23, weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.23). Stretching to 5 years gives 0.32, with an annualized covariance of 237.4 %².
By 3-year correlation, XPEL places #2464 of the 4755 assets tracked against QQQ. Over the last 12 months XPEL came out ahead by 8.9 percentage points (+26.3% against +35.2%). Note the risk asymmetry: XPEL runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 XPEL: side by side
| QQQ (Invesco QQQ Trust) | XPEL (XPEL, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +35.2% |
| 5-year return | +95.4% | -32.6% |
| Volatility (ann.) | 19.6% | 52.7% |
| Beta vs S&P 500 | 1.28 | 1.03 |
| Max drawdown (3Y) | -22.8% | -70.7% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 25.6 |
| 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 | XPEL |
|---|---|---|
| 2022 | -32.6% | -12.0% |
| 2023 | +54.9% | -10.3% |
| 2024 | +25.6% | -25.8% |
| 2025 | +20.8% | +25.0% |
| 2026 | +17.7% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XPEL good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and XPEL?
The QQQ/XPEL correlation stands at 0.23 on a 3-year window (1 year: 0.03, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is XPEL a good diversifier for QQQ?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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-xpel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-xpel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · XPEL correlations
