FFIV vs QQQ: Correlation
How closely do F5, Inc. (FFIV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and QQQ?
Over the past 3 years, FFIV and QQQ moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 207.2 %².
By 3-year correlation, QQQ places #19 of the 34 assets tracked against FFIV. Twelve-month performance is nearly a tie, at +29.1% for FFIV and +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.13 to 0.79.
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.
FFIV vs QQQ: side by side
| FFIV (F5, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +29.1% | +26.3% |
| 5-year return | +99.3% | +95.4% |
| Volatility (ann.) | 26.6% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -34.7% | -22.8% |
| Market cap | $23.2B | – |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | FFIV | QQQ |
|---|---|---|
| 2022 | -41.4% | -32.6% |
| 2023 | +24.7% | +54.9% |
| 2024 | +40.5% | +25.6% |
| 2025 | +1.5% | +20.8% |
| 2026 | +60.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FFIV and QQQ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.18 over the last year and 0.56 over 5 years.
Is QQQ a good diversifier for FFIV?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ffiv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ffiv-vs-qqq/)
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Related comparisons
Hubs: FFIV correlations · QQQ correlations
