QQQ vs ZDGE: Correlation
Invesco QQQ Trust (QQQ) and Zedge, Inc. (ZDGE) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZDGE?
Over the past 3 years, QQQ and ZDGE moved with a correlation of 0.16, which is weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.16). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 240.9 %².
Within QQQ's tracked universe of 4755 assets, ZDGE comes in at #3298 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.3 points (+26.3% versus -3.0%). Note the risk asymmetry: ZDGE runs 3.9 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 ZDGE: side by side
| QQQ (Invesco QQQ Trust) | ZDGE (Zedge, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -3.0% |
| 5-year return | +95.4% | -81.5% |
| Volatility (ann.) | 19.6% | 76.8% |
| Beta vs S&P 500 | 1.28 | 0.91 |
| Max drawdown (3Y) | -22.8% | -61.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 1.77% |
| 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 | ZDGE |
|---|---|---|
| 2022 | -32.6% | -79.3% |
| 2023 | +54.9% | +33.5% |
| 2024 | +25.6% | +14.5% |
| 2025 | +20.8% | +22.5% |
| 2026 | +17.7% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZDGE good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and ZDGE?
As of 2026-08-27, the correlation of weekly returns between QQQ and ZDGE is 0.16 over 3 years, -0.01 over 1 year and 0.21 over 5 years.
Is ZDGE a good diversifier for QQQ?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
A reading of 0.16 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-zdge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-zdge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZDGE correlations
