FCFS vs QQQ: Correlation
Measured on weekly returns over the past three years, FirstCash Holdings, Inc. (FCFS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCFS and QQQ?
Across a 3-year window, the weekly returns of FCFS and QQQ correlate at 0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.26) runs above the 3-year figure (0.04). Stretching to 5 years gives 0.20, with an annualized covariance of 16.4 %².
By 3-year correlation, QQQ places #7 of the 13 assets tracked against FCFS. Their recent paths diverged sharply: over the last 12 months FCFS outperformed by 25.8 percentage points (+52.1% for FCFS against +26.3% for QQQ).
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.
FCFS vs QQQ: side by side
| FCFS (FirstCash Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.1% | +26.3% |
| 5-year return | +180.4% | +95.4% |
| Volatility (ann.) | 23.3% | 19.6% |
| Beta vs S&P 500 | 0.08 | 1.28 |
| Max drawdown (3Y) | -23.4% | -22.8% |
| Market cap | $9.7B | – |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 0.76% | 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 | FCFS | QQQ |
|---|---|---|
| 2022 | +18.0% | -32.6% |
| 2023 | +26.5% | +54.9% |
| 2024 | -3.2% | +25.6% |
| 2025 | +55.7% | +20.8% |
| 2026 | +41.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCFS and QQQ good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FCFS and QQQ?
As of 2026-08-27, the correlation of weekly returns between FCFS and QQQ is 0.04 over 3 years, 0.26 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for FCFS?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.04 mean?
On the −1 to +1 scale, 0.04 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
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Related comparisons
Hubs: FCFS correlations · QQQ correlations
