QQQ vs ZIP: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and ZipRecruiter, Inc. (ZIP) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZIP?
Across a 3-year window, the weekly returns of QQQ and ZIP correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 556.1 %².
Within QQQ's tracked universe of 4755 assets, ZIP comes in at #884 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.3 percentage points (+26.3% for QQQ against -15.0% for ZIP). One caveat on sizing: ZIP is 3.9 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 ZIP: side by side
| QQQ (Invesco QQQ Trust) | ZIP (ZipRecruiter, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -15.0% |
| 5-year return | +95.4% | -82.4% |
| Volatility (ann.) | 19.6% | 76.2% |
| Beta vs S&P 500 | 1.28 | 1.99 |
| Max drawdown (3Y) | -22.8% | -89.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.44% | 0.00% |
| 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 | ZIP |
|---|---|---|
| 2022 | -32.6% | -34.2% |
| 2023 | +54.9% | -15.3% |
| 2024 | +25.6% | -47.9% |
| 2025 | +20.8% | -46.1% |
| 2026 | +17.7% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZIP good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and ZIP?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.36 over the last year and 0.41 over 5 years.
Is ZIP a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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-zip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-zip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZIP correlations
