FLZH vs QQQ: Correlation
How closely do Flash Sports & Media Holdings, Inc. (FLZH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and QQQ?
Across a 3-year window, the weekly returns of FLZH and QQQ correlate at -0.08, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.18 over 1 year against -0.08 over 3. Stretching to 5 years gives -0.03, with an annualized covariance of -699.8 %².
Among the 31 assets we track against FLZH, QQQ ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 125.5 percentage points (-99.2% for FLZH against +26.3% for QQQ). One caveat on sizing: FLZH is 21.7 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.
FLZH vs QQQ: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.2% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 424.7% | 19.6% |
| Beta vs S&P 500 | -2.13 | 1.28 |
| Max drawdown (3Y) | -99.9% | -22.8% |
| Market cap | – | – |
| 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 | FLZH | QQQ |
|---|---|---|
| 2022 | -74.0% | -32.6% |
| 2023 | -48.5% | +54.9% |
| 2024 | -32.5% | +25.6% |
| 2025 | -70.4% | +20.8% |
| 2026 | -98.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and QQQ good diversifiers for each other?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLZH and QQQ?
The FLZH/QQQ correlation stands at -0.08 on a 3-year window (1 year: -0.18, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FLZH?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.08 mean?
A reading of -0.08 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: FLZH correlations · QQQ correlations
