FLR vs QQQ: Correlation
Measured on weekly returns over the past three years, Fluor Corporation (FLR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLR and QQQ?
On 3 years of weekly data the FLR/QQQ correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.34). The 5-year figure is 0.33, and annualized covariance runs at 274.3 %².
Out of 10 assets tracked against FLR, QQQ lands near the bottom at #7. Over the last 12 months FLR came out ahead by 5.3 percentage points (+31.6% against +26.3%). One caveat on sizing: FLR is 2.1 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.
FLR vs QQQ: side by side
| FLR (Fluor Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.6% | +26.3% |
| 5-year return | +231.5% | +95.4% |
| Volatility (ann.) | 41.3% | 19.6% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -47.6% | -22.8% |
| Market cap | $7.2B | – |
| 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 | FLR | QQQ |
|---|---|---|
| 2022 | +39.9% | -32.6% |
| 2023 | +13.0% | +54.9% |
| 2024 | +25.9% | +25.6% |
| 2025 | -19.6% | +20.8% |
| 2026 | +36.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLR and QQQ good diversifiers for each other?
Reasonably. At 0.34, FLR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLR and QQQ?
The FLR/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.19, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FLR?
Reasonably. At 0.34, FLR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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
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Related comparisons
Hubs: FLR correlations · QQQ correlations
