FIVN vs QQQ: Correlation
How closely do Five9, Inc. (FIVN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and QQQ?
On 3 years of weekly data the FIVN/QQQ correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 469.3 %².
By 3-year correlation, QQQ places #18 of the 23 assets tracked against FIVN. Twelve-month performance is nearly a tie, at +28.0% for FIVN and +26.3% for QQQ. Risk is not evenly split, since FIVN carries 2.8 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.
FIVN vs QQQ: side by side
| FIVN (Five9, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.0% | +26.3% |
| 5-year return | -81.3% | +95.4% |
| Volatility (ann.) | 55.7% | 19.6% |
| Beta vs S&P 500 | 1.84 | 1.28 |
| Max drawdown (3Y) | -84.1% | -22.8% |
| Market cap | $2.6B | – |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 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 | FIVN | QQQ |
|---|---|---|
| 2022 | -50.6% | -32.6% |
| 2023 | +16.0% | +54.9% |
| 2024 | -48.4% | +25.6% |
| 2025 | -50.7% | +20.8% |
| 2026 | +72.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and QQQ good diversifiers for each other?
Reasonably. At 0.43, FIVN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIVN and QQQ?
The FIVN/QQQ correlation stands at 0.43 on a 3-year window (1 year: 0.38, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FIVN?
Reasonably. At 0.43, FIVN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/fivn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fivn-vs-qqq/)
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Related comparisons
Hubs: FIVN correlations · QQQ correlations
