QQQ vs XPON: Correlation
How closely do Invesco QQQ Trust (QQQ) and Expion360 Inc. (XPON) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XPON?
Across a 3-year window, the weekly returns of QQQ and XPON correlate at 0.13, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 358.4 %².
Among the 4755 assets we track against QQQ, XPON ranks #3606 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 86.3 percentage points (+26.3% for QQQ against -60.0% for XPON). Risk is not evenly split, since XPON carries 7.3 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 XPON: side by side
| QQQ (Invesco QQQ Trust) | XPON (Expion360 Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -60.0% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 144.0% |
| Beta vs S&P 500 | 1.28 | 1.37 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| 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 | XPON |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | +134.3% |
| 2024 | +25.6% | -99.6% |
| 2025 | +20.8% | -71.6% |
| 2026 | +17.7% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XPON good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and XPON?
As of 2026-08-27, the correlation of weekly returns between QQQ and XPON is 0.13 over 3 years, 0.19 over 1 year and 0.13 over 5 years.
Is XPON a good diversifier for QQQ?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-xpon/)
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Related comparisons
Hubs: QQQ correlations · XPON correlations
