FLUT vs QQQ: Correlation
How closely do Flutter Entertainment plc (FLUT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUT and QQQ?
Over the past 3 years, FLUT and QQQ moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.36 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 292.5 %².
Among the 14 assets we track against FLUT, QQQ ranks #9 by 3-year correlation. The last year tells two different stories: QQQ led by 95.2 percentage points, -68.9% for FLUT against +26.3% for QQQ. Risk is not evenly split, since FLUT carries 2.1 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.
FLUT vs QQQ: side by side
| FLUT (Flutter Entertainment plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -68.9% | +26.3% |
| 5-year return | -51.0% | +95.4% |
| Volatility (ann.) | 41.7% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -70.1% | -22.8% |
| Market cap | $16.5B | – |
| 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 | FLUT | QQQ |
|---|---|---|
| 2022 | -14.4% | -32.6% |
| 2023 | +32.8% | +54.9% |
| 2024 | +44.4% | +25.6% |
| 2025 | -16.8% | +20.8% |
| 2026 | -55.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUT and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLUT and QQQ?
As of 2026-08-27, the correlation of weekly returns between FLUT and QQQ is 0.36 over 3 years, 0.18 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for FLUT?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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
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Related comparisons
Hubs: FLUT correlations · QQQ correlations
