FLNG vs QQQ: Correlation
FLEX LNG Ltd. (FLNG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNG and QQQ?
Over the past 3 years, FLNG and QQQ moved with a correlation of 0.09, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.09). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 45.9 %².
QQQ is close to the least connected end of FLNG's tracked universe, ranking #8 of 11. Neither side won the trailing year by much: +28.6% against +26.3%.
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.
FLNG vs QQQ: side by side
| FLNG (FLEX LNG Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.6% | +26.3% |
| 5-year return | +261.5% | +95.4% |
| Volatility (ann.) | 26.8% | 19.6% |
| Beta vs S&P 500 | 0.26 | 1.28 |
| Max drawdown (3Y) | -25.4% | -22.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | 16.0 | – |
| Dividend yield | 9.86% | 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 | FLNG | QQQ |
|---|---|---|
| 2022 | +56.3% | -32.6% |
| 2023 | -1.2% | +54.9% |
| 2024 | -11.7% | +25.6% |
| 2025 | +26.4% | +20.8% |
| 2026 | +32.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, FLNG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLNG and QQQ?
As of 2026-08-27, the correlation of weekly returns between FLNG and QQQ is 0.09 over 3 years, -0.08 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for FLNG?
Yes. With a correlation of 0.09, FLNG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
A reading of 0.09 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/flng-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flng-vs-qqq/)
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Related comparisons
Hubs: FLNG correlations · QQQ correlations
