QQQ vs XPER: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Xperi Inc. (XPER) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XPER?
Across a 3-year window, the weekly returns of QQQ and XPER correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 341.0 %².
Among the 4755 assets we track against QQQ, XPER ranks #653 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 26.6 percentage points (+26.3% for QQQ against -0.3% for XPER). Note the risk asymmetry: XPER runs 2.2 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 XPER: side by side
| QQQ (Invesco QQQ Trust) | XPER (Xperi Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -0.3% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 43.6% |
| Beta vs S&P 500 | 1.28 | 1.29 |
| Max drawdown (3Y) | -22.8% | -57.6% |
| Market cap | – | $0.3B |
| 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 | XPER |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | +28.0% |
| 2024 | +25.6% | -6.8% |
| 2025 | +20.8% | -42.9% |
| 2026 | +17.7% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XPER good diversifiers for each other?
Reasonably. At 0.40, QQQ and XPER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and XPER?
As of 2026-08-27, the correlation of weekly returns between QQQ and XPER is 0.40 over 3 years, 0.49 over 1 year and 0.35 over 5 years.
Is XPER a good diversifier for QQQ?
Reasonably. At 0.40, QQQ and XPER keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · XPER correlations
