FERG vs QQQ: Correlation
Ferguson Enterprises (FERG) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and QQQ?
Across a 3-year window, the weekly returns of FERG and QQQ correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.47, with an annualized covariance of 241.6 %².
By 3-year correlation, QQQ places #22 of the 35 assets tracked against FERG. Correlation aside, the last 12 months split them widely, with QQQ ahead by 25.2 points (+1.1% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.22 to 0.61. Risk is not evenly split, since FERG carries 1.5 times the volatility of the other side.
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.
FERG vs QQQ: side by side
| FERG (Ferguson Enterprises) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.1% | +26.3% |
| 5-year return | +82.2% | +95.4% |
| Volatility (ann.) | 30.0% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -32.9% | -22.8% |
| Market cap | $45.1B | – |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.80% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | FERG | QQQ |
|---|---|---|
| 2022 | -27.2% | -32.6% |
| 2023 | +55.1% | +54.9% |
| 2024 | -8.6% | +25.6% |
| 2025 | +29.9% | +20.8% |
| 2026 | +6.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and QQQ good diversifiers for each other?
Reasonably. At 0.41, FERG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FERG and QQQ?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.25 over the last year and 0.47 over 5 years.
Is QQQ a good diversifier for FERG?
Reasonably. At 0.41, FERG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/ferg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ferg-vs-qqq/)
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Related comparisons
Hubs: FERG correlations · QQQ correlations
