QQQ vs YJ: Correlation
Invesco QQQ Trust (QQQ) and Yunji Inc. - American Depository Shares (YJ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and YJ?
Across a 3-year window, the weekly returns of QQQ and YJ correlate at 0.08, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Stretching to 5 years gives 0.09, with an annualized covariance of 209.6 %².
Among the 4755 assets we track against QQQ, YJ ranks #4021 by 3-year correlation. The last year tells two different stories: YJ led by 57.0 percentage points, +26.3% for QQQ against +83.3% for YJ. Note the risk asymmetry: YJ runs 7.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 YJ: side by side
| QQQ (Invesco QQQ Trust) | YJ (Yunji Inc. - American Depository Shares) | |
|---|---|---|
| 1-year return | +26.3% | +83.3% |
| 5-year return | +95.4% | -89.8% |
| Volatility (ann.) | 19.6% | 139.4% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -22.8% | -73.6% |
| Market cap | – | – |
| P/E (trailing) | – | 1.5 |
| 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 | YJ |
|---|---|---|
| 2022 | -32.6% | +30.7% |
| 2023 | +54.9% | -91.3% |
| 2024 | +25.6% | -43.4% |
| 2025 | +20.8% | -26.7% |
| 2026 | +17.7% | +170.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and YJ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and YJ?
The QQQ/YJ correlation stands at 0.08 on a 3-year window (1 year: 0.18, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is YJ a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-yj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-yj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · YJ correlations
