QQQ vs XTIA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and XTI Aerospace, Inc. (XTIA) carry a correlation of 0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XTIA?
Across a 3-year window, the weekly returns of QQQ and XTIA correlate at 0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.13) sits close to the 3-year figure. Stretching to 5 years gives 0.09, with an annualized covariance of 124.9 %².
Among the 4755 assets we track against QQQ, XTIA ranks #4230 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 51.3 points (+26.3% versus -25.0%). Risk is not evenly split, since XTIA carries 6.5 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 XTIA: side by side
| QQQ (Invesco QQQ Trust) | XTIA (XTI Aerospace, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -25.0% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 127.5% |
| Beta vs S&P 500 | 1.28 | 0.29 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | $0.1B |
| 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 |
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 | XTIA |
|---|---|---|
| 2022 | -32.6% | -96.2% |
| 2023 | +54.9% | -96.7% |
| 2024 | +25.6% | -99.2% |
| 2025 | +20.8% | -88.5% |
| 2026 | +17.7% | +11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XTIA good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and XTIA?
As of 2026-08-27, the correlation of weekly returns between QQQ and XTIA is 0.05 over 3 years, 0.13 over 1 year and 0.09 over 5 years.
Is XTIA a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 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-xtia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-xtia/)
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Related comparisons
Hubs: QQQ correlations · XTIA correlations
