FEIM vs QQQ: Correlation
How closely do Frequency Electronics, Inc. (FEIM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEIM and QQQ?
Over the past 3 years, FEIM and QQQ moved with a correlation of 0.20, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.31 versus 0.20 over 3 years. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 271.6 %².
Among the 13 assets we track against FEIM, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FEIM ahead by 70.7 points (+97.0% versus +26.3%). Note the risk asymmetry: FEIM runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FEIM vs QQQ: side by side
| FEIM (Frequency Electronics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +97.0% | +26.3% |
| 5-year return | +639.1% | +95.4% |
| Volatility (ann.) | 70.8% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -33.0% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| 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 | FEIM | QQQ |
|---|---|---|
| 2022 | -29.4% | -32.6% |
| 2023 | +80.9% | +54.9% |
| 2024 | +83.2% | +25.6% |
| 2025 | +190.7% | +20.8% |
| 2026 | +18.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEIM and QQQ good diversifiers for each other?
Reasonably. At 0.20, FEIM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FEIM and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with 0.31 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for FEIM?
Reasonably. At 0.20, FEIM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 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/feim-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/feim-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FEIM correlations · QQQ correlations
