QQQ vs XRTX: Correlation
How closely do Invesco QQQ Trust (QQQ) and XORTX Therapeutics Inc. (XRTX) trade together? Their weekly returns over three years give a correlation of -0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XRTX?
On 3 years of weekly data the QQQ/XRTX correlation comes out at -0.02, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.18) than the 3-year average (-0.02). The 5-year figure is 0.05, and annualized covariance runs at -44.3 %².
By 3-year correlation, XRTX places #4568 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 64.7 percentage points (+26.3% for QQQ against -38.4% for XRTX). One caveat on sizing: XRTX is 6.6 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 XRTX: side by side
| QQQ (Invesco QQQ Trust) | XRTX (XORTX Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -38.4% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 129.2% |
| Beta vs S&P 500 | 1.28 | 0.23 |
| Max drawdown (3Y) | -22.8% | -99.4% |
| 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 | XRTX |
|---|---|---|
| 2022 | -32.6% | -60.6% |
| 2023 | +54.9% | -96.5% |
| 2024 | +25.6% | -51.1% |
| 2025 | +20.8% | -50.3% |
| 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 XRTX good diversifiers for each other?
Yes: at -0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and XRTX?
The QQQ/XRTX correlation stands at -0.02 on a 3-year window (1 year: 0.18, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is XRTX a good diversifier for QQQ?
Yes: at -0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.02 mean?
A reading of -0.02 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-xrtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-xrtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · XRTX correlations
