FER vs QQQ: Correlation
How closely do Ferrovial N.V. (FER) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FER and QQQ?
On 3 years of weekly data the FER/QQQ correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.32 over 1 year against 0.27 over 3. The 5-year figure is 0.22, and annualized covariance runs at 150.6 %².
Out of 11 assets tracked against FER, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 16.4 percentage points, +9.9% for FER 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.
FER vs QQQ: side by side
| FER (Ferrovial N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.9% | +26.3% |
| 5-year return | +129.1% | +95.4% |
| Volatility (ann.) | 28.5% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -20.2% | -22.8% |
| Market cap | $42.4B | – |
| P/E (trailing) | 61.9 | – |
| Dividend yield | 0.93% | 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 | FER | QQQ |
|---|---|---|
| 2022 | -5.6% | -32.6% |
| 2023 | +44.1% | +54.9% |
| 2024 | +21.3% | +25.6% |
| 2025 | +56.4% | +20.8% |
| 2026 | -8.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
FER represents 0.19% of QQQ's portfolio, so part of any move in QQQ is FER itself, and the correlation between them is partly mechanical.
Are FER and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FER and QQQ?
As of 2026-08-27, the correlation of weekly returns between FER and QQQ is 0.27 over 3 years, 0.32 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for FER?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/fer-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fer-vs-qqq/)
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Related comparisons
Hubs: FER correlations · QQQ correlations
