FLXS vs QQQ: Correlation
Measured on weekly returns over the past three years, Flexsteel Industries, Inc. (FLXS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLXS and QQQ?
On 3 years of weekly data the FLXS/QQQ correlation comes out at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.15) runs below the 3-year figure (0.11). The 5-year figure is 0.21, and annualized covariance runs at 131.0 %².
Among the 13 assets we track against FLXS, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with FLXS ahead by 56.7 points (+83.0% versus +26.3%). Risk is not evenly split, since FLXS carries 3.0 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.
FLXS vs QQQ: side by side
| FLXS (Flexsteel Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +83.0% | +26.3% |
| 5-year return | +162.8% | +95.4% |
| Volatility (ann.) | 58.9% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -54.1% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 1.04% | 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 | FLXS | QQQ |
|---|---|---|
| 2022 | -40.7% | -32.6% |
| 2023 | +26.1% | +54.9% |
| 2024 | +192.9% | +25.6% |
| 2025 | -25.9% | +20.8% |
| 2026 | +109.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLXS and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLXS and QQQ?
The FLXS/QQQ correlation stands at 0.11 on a 3-year window (1 year: -0.15, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FLXS?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
A reading of 0.11 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FLXS correlations · QQQ correlations
