QQQ vs YUMC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Yum China Holdings, Inc. (YUMC) trade together? Their weekly returns over three years give a correlation of 0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and YUMC?
On 3 years of weekly data the QQQ/YUMC correlation comes out at 0.04, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.17) than the 3-year average (0.04). The 5-year figure is 0.15, and annualized covariance runs at 29.1 %².
By 3-year correlation, YUMC places #4282 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 24.4 percentage points (+26.3% for QQQ against +1.9% for YUMC). Risk is not evenly split, since YUMC carries 1.9 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 YUMC: side by side
| QQQ (Invesco QQQ Trust) | YUMC (Yum China Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +1.9% |
| 5-year return | +95.4% | -21.2% |
| Volatility (ann.) | 19.6% | 37.2% |
| Beta vs S&P 500 | 1.28 | 0.25 |
| Max drawdown (3Y) | -22.8% | -49.0% |
| Market cap | – | $15.3B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 0.44% | 2.26% |
| 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 | YUMC |
|---|---|---|
| 2022 | -32.6% | +10.8% |
| 2023 | +54.9% | -21.6% |
| 2024 | +25.6% | +15.4% |
| 2025 | +20.8% | +0.1% |
| 2026 | +17.7% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and YUMC good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and YUMC?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with -0.17 over the last year and 0.15 over 5 years.
Is YUMC a good diversifier for QQQ?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.04 mean?
A reading of 0.04 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-yumc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-yumc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · YUMC correlations
