QQQ vs ZVRA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Zevra Therapeutics, Inc. (ZVRA) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZVRA?
Over the past 3 years, QQQ and ZVRA moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 262.8 %².
Within QQQ's tracked universe of 4755 assets, ZVRA comes in at #2621 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +26.6% for ZVRA. Note the risk asymmetry: ZVRA runs 3.1 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 ZVRA: side by side
| QQQ (Invesco QQQ Trust) | ZVRA (Zevra Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +26.6% |
| 5-year return | +95.4% | +33.0% |
| Volatility (ann.) | 19.6% | 61.3% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -43.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 12.6 |
| 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 | ZVRA |
|---|---|---|
| 2022 | -32.6% | -47.3% |
| 2023 | +54.9% | +42.7% |
| 2024 | +25.6% | +27.3% |
| 2025 | +20.8% | +7.4% |
| 2026 | +17.7% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZVRA good diversifiers for each other?
Reasonably. At 0.22, QQQ and ZVRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and ZVRA?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.32 over the last year and 0.24 over 5 years.
Is ZVRA a good diversifier for QQQ?
Reasonably. At 0.22, QQQ and ZVRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 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.
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Related comparisons
Hubs: QQQ correlations · ZVRA correlations
