FAF vs QQQ: Correlation
First American Corporation (New) (FAF) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAF and QQQ?
Across a 3-year window, the weekly returns of FAF and QQQ correlate at 0.26, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 132.5 %².
Among the 11 assets we track against FAF, QQQ sits near the bottom by co-movement, at rank #8. The trailing year gives QQQ the advantage: +15.7% versus +26.3%, a 10.6-point spread.
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.
FAF vs QQQ: side by side
| FAF (First American Corporation (New)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.7% | +26.3% |
| 5-year return | +24.3% | +95.4% |
| Volatility (ann.) | 25.7% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -22.1% | -22.8% |
| Market cap | $7.6B | – |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 2.99% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | FAF | QQQ |
|---|---|---|
| 2022 | -30.6% | -32.6% |
| 2023 | +27.7% | +54.9% |
| 2024 | +0.4% | +25.6% |
| 2025 | +1.9% | +20.8% |
| 2026 | +23.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAF and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FAF and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.25 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for FAF?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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: FAF correlations · QQQ correlations
