FINS vs QQQ: Correlation
How closely do Angel Oak Financial Strategies Income Term Trust (FINS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FINS and QQQ?
On 3 years of weekly data the FINS/QQQ correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 66.1 %².
Within FINS's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.1 points (+6.2% versus +26.3%). Risk is not evenly split, since QQQ carries 2.4 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.
FINS vs QQQ: side by side
| FINS (Angel Oak Financial Strategies Income Term Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.2% | +26.3% |
| 5-year return | +12.5% | +95.4% |
| Volatility (ann.) | 8.2% | 19.6% |
| Beta vs S&P 500 | 0.28 | 1.28 |
| Max drawdown (3Y) | -6.0% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 7.6 | – |
| Dividend yield | 10.65% | 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 | FINS | QQQ |
|---|---|---|
| 2022 | -18.2% | -32.6% |
| 2023 | +2.5% | +54.9% |
| 2024 | +18.3% | +25.6% |
| 2025 | +15.2% | +20.8% |
| 2026 | +2.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FINS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FINS and QQQ?
As of 2026-08-27, the correlation of weekly returns between FINS and QQQ is 0.41 over 3 years, 0.49 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for FINS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
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Related comparisons
Hubs: FINS correlations · QQQ correlations
