QQQ vs XYZ: Correlation
How closely do Invesco QQQ Trust (QQQ) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and XYZ?
Over the past 3 years, QQQ and XYZ moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 475.0 %².
Within QQQ's tracked universe of 4755 assets, XYZ comes in at #339 by 3-year correlation. The last year tells two different stories: QQQ led by 19.4 percentage points, +26.3% for QQQ against +6.9% for XYZ. Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.70. One caveat on sizing: XYZ is 2.6 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 XYZ: side by side
| QQQ (Invesco QQQ Trust) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +6.9% |
| 5-year return | +95.4% | -68.8% |
| Volatility (ann.) | 19.6% | 50.2% |
| Beta vs S&P 500 | 1.28 | 1.80 |
| Max drawdown (3Y) | -22.8% | -53.0% |
| Market cap | – | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | XYZ |
|---|---|---|
| 2022 | -32.6% | -61.1% |
| 2023 | +54.9% | +23.1% |
| 2024 | +25.6% | +9.9% |
| 2025 | +20.8% | -23.4% |
| 2026 | +17.7% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and XYZ good diversifiers for each other?
Reasonably. At 0.48, QQQ and XYZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and XYZ?
As of 2026-08-27, the correlation of weekly returns between QQQ and XYZ is 0.48 over 3 years, 0.44 over 1 year and 0.61 over 5 years.
Is XYZ a good diversifier for QQQ?
Reasonably. At 0.48, QQQ and XYZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · XYZ correlations
