FDUS vs QQQ: Correlation
Fidus Investment Corporation - Closed End Fund (FDUS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDUS and QQQ?
On 3 years of weekly data the FDUS/QQQ correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 134.7 %².
By 3-year correlation, QQQ places #13 of the 21 assets tracked against FDUS. Correlation aside, the last 12 months split them widely, with QQQ ahead by 22.6 points (+3.7% versus +26.3%).
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.
FDUS vs QQQ: side by side
| FDUS (Fidus Investment Corporation - Closed End Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.7% | +26.3% |
| 5-year return | +100.3% | +95.4% |
| Volatility (ann.) | 17.5% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -23.9% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 8.73% | 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 | FDUS | QQQ |
|---|---|---|
| 2022 | +17.1% | -32.6% |
| 2023 | +20.0% | +54.9% |
| 2024 | +20.5% | +25.6% |
| 2025 | +2.1% | +20.8% |
| 2026 | +8.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDUS and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FDUS and QQQ?
As of 2026-08-27, the correlation of weekly returns between FDUS and QQQ is 0.39 over 3 years, 0.49 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for FDUS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/fdus-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fdus-vs-qqq/)
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Related comparisons
Hubs: FDUS correlations · QQQ correlations
