QQQ vs ZURA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Zura Bio Limited - Class A (ZURA) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZURA?
On 3 years of weekly data the QQQ/ZURA correlation comes out at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.11). The 5-year figure is n/a, and annualized covariance runs at 209.3 %².
Among the 4755 assets we track against QQQ, ZURA ranks #3796 by 3-year correlation. The last year tells two different stories: ZURA led by 144.5 percentage points, +26.3% for QQQ against +170.8% for ZURA. Note the risk asymmetry: ZURA runs 5.1 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 ZURA: side by side
| QQQ (Invesco QQQ Trust) | ZURA (Zura Bio Limited - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +170.8% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 100.1% |
| Beta vs S&P 500 | 1.28 | 1.00 |
| Max drawdown (3Y) | -22.8% | -85.8% |
| Market cap | – | $0.6B |
| 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 |
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 | ZURA |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -46.5% |
| 2025 | +20.8% | +109.6% |
| 2026 | +17.7% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZURA good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and ZURA?
As of 2026-08-27, the correlation of weekly returns between QQQ and ZURA is 0.11 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is ZURA a good diversifier for QQQ?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 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-zura.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-zura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZURA correlations
