QQQ vs XRN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Chiron Real Estate Inc. (XRN) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XRN?
Across a 3-year window, the weekly returns of QQQ and XRN correlate at 0.16, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.16 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 94.9 %².
Within QQQ's tracked universe of 4755 assets, XRN comes in at #3297 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.4 percentage points (+26.3% for QQQ against +5.9% for XRN). One caveat on sizing: XRN is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XRN: side by side
| QQQ (Invesco QQQ Trust) | XRN (Chiron Real Estate Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +5.9% |
| 5-year return | +95.4% | -27.0% |
| Volatility (ann.) | 19.6% | 29.5% |
| Beta vs S&P 500 | 1.28 | 0.62 |
| Max drawdown (3Y) | -22.8% | -39.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.44% | 6.11% |
| 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 | XRN |
|---|---|---|
| 2022 | -32.6% | -42.4% |
| 2023 | +54.9% | +27.9% |
| 2024 | +25.6% | -23.6% |
| 2025 | +20.8% | -4.1% |
| 2026 | +17.7% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XRN good diversifiers for each other?
Yes. With a correlation of 0.16, QQQ and XRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and XRN?
The QQQ/XRN correlation stands at 0.16 on a 3-year window (1 year: -0.03, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is XRN a good diversifier for QQQ?
Yes. With a correlation of 0.16, QQQ and XRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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-xrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-xrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · XRN correlations
