FF vs QQQ: Correlation
Measured on weekly returns over the past three years, FutureFuel Corp. (FF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FF and QQQ?
On 3 years of weekly data the FF/QQQ correlation comes out at 0.19, weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.19). The 5-year figure is 0.22, and annualized covariance runs at 182.4 %².
Out of 12 assets tracked against FF, QQQ lands near the bottom at #9. The trailing year gives FF the advantage: +38.4% versus +26.3%, a 12.1-point spread. Note the risk asymmetry: FF runs 2.5 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.
FF vs QQQ: side by side
| FF (FutureFuel Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +38.4% | +26.3% |
| 5-year return | +11.5% | +95.4% |
| Volatility (ann.) | 48.8% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -47.9% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.58% | 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 | FF | QQQ |
|---|---|---|
| 2022 | +9.9% | -32.6% |
| 2023 | -22.8% | +54.9% |
| 2024 | +31.0% | +25.6% |
| 2025 | -35.8% | +20.8% |
| 2026 | +65.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FF and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FF and QQQ?
As of 2026-08-27, the correlation of weekly returns between FF and QQQ is 0.19 over 3 years, 0.05 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for FF?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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/ff-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ff-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FF correlations · QQQ correlations
