QQQ vs YARW: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Yarrow Bioscience, Inc. (YARW) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and YARW?
On 3 years of weekly data the QQQ/YARW correlation comes out at 0.22, weak. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.22). The 5-year figure is 0.21, and annualized covariance runs at 420.0 %².
Among the 4755 assets we track against QQQ, YARW ranks #2619 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months YARW outperformed by 286.7 percentage points (+26.3% for QQQ against +313.0% for YARW). Risk is not evenly split, since YARW carries 5.1 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 YARW: side by side
| QQQ (Invesco QQQ Trust) | YARW (Yarrow Bioscience, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +313.0% |
| 5-year return | +95.4% | -95.6% |
| Volatility (ann.) | 19.6% | 99.6% |
| Beta vs S&P 500 | 1.28 | 1.89 |
| Max drawdown (3Y) | -22.8% | -93.8% |
| 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 |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | YARW |
|---|---|---|
| 2022 | -32.6% | -85.3% |
| 2023 | +54.9% | -13.7% |
| 2024 | +25.6% | +43.8% |
| 2025 | +20.8% | -82.7% |
| 2026 | +17.7% | +132.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and YARW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and YARW?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.08 over the last year and 0.21 over 5 years.
Is YARW a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · YARW correlations
