FIZZ vs QQQ: Correlation
National Beverage Corp. (FIZZ) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIZZ and QQQ?
Over the past 3 years, FIZZ and QQQ moved with a correlation of 0.17, which is weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.17 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 79.5 %².
QQQ is close to the least connected end of FIZZ's tracked universe, ranking #8 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.3 percentage points (-15.0% for FIZZ against +26.3% for QQQ).
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.
FIZZ vs QQQ: side by side
| FIZZ (National Beverage Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.0% | +26.3% |
| 5-year return | -9.3% | +95.4% |
| Volatility (ann.) | 24.4% | 19.6% |
| Beta vs S&P 500 | 0.36 | 1.28 |
| Max drawdown (3Y) | -41.3% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 16.8 | – |
| 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 | FIZZ | QQQ |
|---|---|---|
| 2022 | +2.6% | -32.6% |
| 2023 | +6.9% | +54.9% |
| 2024 | -8.0% | +25.6% |
| 2025 | -25.3% | +20.8% |
| 2026 | +12.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIZZ and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIZZ and QQQ?
As of 2026-08-27, the correlation of weekly returns between FIZZ and QQQ is 0.17 over 3 years, 0.23 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for FIZZ?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FIZZ correlations · QQQ correlations
