FCPT vs QQQ: Correlation
Measured on weekly returns over the past three years, Four Corners Property Trust, Inc. (FCPT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCPT and QQQ?
Across a 3-year window, the weekly returns of FCPT and QQQ correlate at 0.11, weak. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.11 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 38.5 %².
QQQ is close to the least connected end of FCPT's tracked universe, ranking #14 of 17. The last year tells two different stories: QQQ led by 22.5 percentage points, +3.8% for FCPT 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.
FCPT vs QQQ: side by side
| FCPT (Four Corners Property Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.8% | +26.3% |
| 5-year return | +16.6% | +95.4% |
| Volatility (ann.) | 17.5% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -20.2% | -22.8% |
| Market cap | $2.8B | – |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 5.75% | 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 | FCPT | QQQ |
|---|---|---|
| 2022 | -7.2% | -32.6% |
| 2023 | +3.1% | +54.9% |
| 2024 | +13.1% | +25.6% |
| 2025 | -10.1% | +20.8% |
| 2026 | +13.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCPT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, FCPT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FCPT and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.00 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for FCPT?
Yes. With a correlation of 0.11, FCPT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fcpt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcpt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCPT correlations · QQQ correlations
