FLL vs QQQ: Correlation
Measured on weekly returns over the past three years, Full House Resorts, Inc. (FLL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLL and QQQ?
On 3 years of weekly data the FLL/QQQ correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 385.0 %².
QQQ is close to the least connected end of FLL's tracked universe, ranking #11 of 15. Correlation aside, the last 12 months split them widely, with QQQ ahead by 71.9 points (-45.6% versus +26.3%). One caveat on sizing: FLL is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FLL vs QQQ: side by side
| FLL (Full House Resorts, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -45.6% | +26.3% |
| 5-year return | -75.5% | +95.4% |
| Volatility (ann.) | 59.8% | 19.6% |
| Beta vs S&P 500 | 1.44 | 1.28 |
| Max drawdown (3Y) | -66.2% | -22.8% |
| Market cap | $0.1B | – |
| 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 | FLL | QQQ |
|---|---|---|
| 2022 | -37.9% | -32.6% |
| 2023 | -28.6% | +54.9% |
| 2024 | -24.0% | +25.6% |
| 2025 | -36.0% | +20.8% |
| 2026 | -21.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLL and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLL and QQQ?
The FLL/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.30, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FLL?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fll-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fll-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLL correlations · QQQ correlations
