FLO vs QQQ: Correlation
Measured on weekly returns over the past three years, Flowers Foods, Inc. (FLO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLO and QQQ?
Across a 3-year window, the weekly returns of FLO and QQQ correlate at 0.02, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (0.02). Stretching to 5 years gives 0.06, with an annualized covariance of 11.2 %².
Among the 15 assets we track against FLO, QQQ ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 76.0 points (-49.7% versus +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.
FLO vs QQQ: side by side
| FLO (Flowers Foods, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -49.7% | +26.3% |
| 5-year return | -63.2% | +95.4% |
| Volatility (ann.) | 26.8% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -68.8% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 26.8 | – |
| Dividend yield | 13.81% | 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 | FLO | QQQ |
|---|---|---|
| 2022 | +8.0% | -32.6% |
| 2023 | -18.6% | +54.9% |
| 2024 | -4.3% | +25.6% |
| 2025 | -43.6% | +20.8% |
| 2026 | -33.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLO and QQQ good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLO and QQQ?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with 0.23 over the last year and 0.06 over 5 years.
Is QQQ a good diversifier for FLO?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flo-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLO correlations · QQQ correlations
