FKWL vs QQQ: Correlation
How closely do Franklin Wireless Corp. (FKWL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FKWL and QQQ?
Over the past 3 years, FKWL and QQQ moved with a correlation of -0.02, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.06) sits close to the 3-year figure. Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -12.0 %².
Out of 11 assets tracked against FKWL, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 67.7 percentage points (-41.4% for FKWL against +26.3% for QQQ). Risk is not evenly split, since FKWL carries 1.7 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.
FKWL vs QQQ: side by side
| FKWL (Franklin Wireless Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -41.4% | +26.3% |
| 5-year return | -69.6% | +95.4% |
| Volatility (ann.) | 33.9% | 19.6% |
| Beta vs S&P 500 | 0.02 | 1.28 |
| Max drawdown (3Y) | -67.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | FKWL | QQQ |
|---|---|---|
| 2022 | +2.1% | -32.6% |
| 2023 | -24.0% | +54.9% |
| 2024 | +44.5% | +25.6% |
| 2025 | -10.1% | +20.8% |
| 2026 | -43.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FKWL and QQQ good diversifiers for each other?
Yes. With a correlation of -0.02, FKWL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FKWL and QQQ?
As of 2026-08-27, the correlation of weekly returns between FKWL and QQQ is -0.02 over 3 years, -0.06 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for FKWL?
Yes. With a correlation of -0.02, FKWL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 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/fkwl-vs-qqq.json
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[](https://www.pairbook.io/pair/fkwl-vs-qqq/)
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Related comparisons
Hubs: FKWL correlations · QQQ correlations
