FAST vs QQQ: Correlation
How closely do Fastenal (FAST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAST and QQQ?
On 3 years of weekly data the FAST/QQQ correlation comes out at 0.28, weak. The past 12 months show a weaker link (-0.08) than the 3-year average (0.28). The 5-year figure is 0.48, and annualized covariance runs at 131.0 %².
By 3-year correlation, QQQ places #23 of the 33 assets tracked against FAST. The last year tells two different stories: QQQ led by 22.2 percentage points, +4.1% for FAST against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.10 to 0.61.
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.
FAST vs QQQ: side by side
| FAST (Fastenal) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.1% | +26.3% |
| 5-year return | +105.5% | +95.4% |
| Volatility (ann.) | 24.0% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -21.9% | -22.8% |
| Market cap | $58.7B | – |
| P/E (trailing) | 43.7 | – |
| Dividend yield | 1.80% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | FAST | QQQ |
|---|---|---|
| 2022 | -24.3% | -32.6% |
| 2023 | +41.3% | +54.9% |
| 2024 | +13.5% | +25.6% |
| 2025 | +14.0% | +20.8% |
| 2026 | +29.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.26% of QQQ is FAST itself, so the fund partly moves with the stock by construction.
Are FAST and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FAST and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with -0.08 over the last year and 0.48 over 5 years.
Is QQQ a good diversifier for FAST?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fast-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fast-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FAST correlations · QQQ correlations
