FC vs QQQ: Correlation
Measured on weekly returns over the past three years, Franklin Covey Company (FC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FC and QQQ?
Over the past 3 years, FC and QQQ moved with a correlation of 0.25, which is weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 256.5 %².
Out of 15 assets tracked against FC, QQQ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 22.9 points (+3.4% versus +26.3%). One caveat on sizing: FC is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FC vs QQQ: side by side
| FC (Franklin Covey Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.4% | +26.3% |
| 5-year return | -52.7% | +95.4% |
| Volatility (ann.) | 52.1% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -74.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 135.7 | – |
| Dividend yield | 0.00% | 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 | FC | QQQ |
|---|---|---|
| 2022 | +0.9% | -32.6% |
| 2023 | -6.9% | +54.9% |
| 2024 | -13.7% | +25.6% |
| 2025 | -55.3% | +20.8% |
| 2026 | +21.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FC and QQQ?
As of 2026-08-27, the correlation of weekly returns between FC and QQQ is 0.25 over 3 years, 0.18 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for FC?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/fc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fc-vs-qqq/)
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Related comparisons
Hubs: FC correlations · QQQ correlations
