QQQ vs ZOOZ: Correlation
How closely do Invesco QQQ Trust (QQQ) and ZOOZ Strategy Ltd. (ZOOZ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZOOZ?
Over the past 3 years, QQQ and ZOOZ moved with a correlation of 0.14, which is weak. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (0.14). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 424.5 %².
By 3-year correlation, ZOOZ places #3498 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 105.2 percentage points, +26.3% for QQQ against -78.9% for ZOOZ. Risk is not evenly split, since ZOOZ carries 7.5 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 ZOOZ: side by side
| QQQ (Invesco QQQ Trust) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | -78.9% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 147.3% |
| Beta vs S&P 500 | 1.28 | 1.83 |
| Max drawdown (3Y) | -22.8% | -93.9% |
| 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 | ZOOZ |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -82.1% |
| 2026 | +17.7% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZOOZ good diversifiers for each other?
Yes. With a correlation of 0.14, QQQ and ZOOZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and ZOOZ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.29 over the last year and n/a over 5 years.
Is ZOOZ a good diversifier for QQQ?
Yes. With a correlation of 0.14, QQQ and ZOOZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 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-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZOOZ correlations
