FLC vs QQQ: Correlation
Flaherty & Crumrine Total Return Fund Inc (FLC) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLC and QQQ?
Across a 3-year window, the weekly returns of FLC and QQQ correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 113.7 %².
By 3-year correlation, QQQ places #14 of the 22 assets tracked against FLC. The last year tells two different stories: QQQ led by 22.5 percentage points, +3.8% for FLC against +26.3% for QQQ. Risk is not evenly split, since QQQ 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.
FLC vs QQQ: side by side
| FLC (Flaherty & Crumrine Total Return Fund Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.8% | +26.3% |
| 5-year return | -0.2% | +95.4% |
| Volatility (ann.) | 11.3% | 19.6% |
| Beta vs S&P 500 | 0.48 | 1.28 |
| Max drawdown (3Y) | -10.5% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 7.25% | 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 | FLC | QQQ |
|---|---|---|
| 2022 | -25.1% | -32.6% |
| 2023 | -0.8% | +54.9% |
| 2024 | +23.1% | +25.6% |
| 2025 | +12.4% | +20.8% |
| 2026 | -0.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLC and QQQ good diversifiers for each other?
Only partially. A correlation of 0.51 means FLC and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FLC and QQQ?
The FLC/QQQ correlation stands at 0.51 on a 3-year window (1 year: 0.50, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FLC?
Only partially. A correlation of 0.51 means FLC and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/flc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flc-vs-qqq/)
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Related comparisons
Hubs: FLC correlations · QQQ correlations
