FMC vs QQQ: Correlation
Measured on weekly returns over the past three years, FMC Corporation (FMC) 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 FMC and QQQ?
Over the past 3 years, FMC and QQQ moved with a correlation of 0.11, which is weak. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.11). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 122.1 %².
Out of 14 assets tracked against FMC, QQQ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 98.5 percentage points (-72.2% for FMC against +26.3% for QQQ). One caveat on sizing: FMC is 2.9 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.
FMC vs QQQ: side by side
| FMC (FMC Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -72.2% | +26.3% |
| 5-year return | -86.6% | +95.4% |
| Volatility (ann.) | 56.2% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -87.3% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.40% | 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 | FMC | QQQ |
|---|---|---|
| 2022 | +15.7% | -32.6% |
| 2023 | -48.0% | +54.9% |
| 2024 | -19.7% | +25.6% |
| 2025 | -70.0% | +20.8% |
| 2026 | -22.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMC and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, FMC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FMC and QQQ?
As of 2026-08-27, the correlation of weekly returns between FMC and QQQ is 0.11 over 3 years, -0.01 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for FMC?
Yes. With a correlation of 0.11, FMC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fmc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmc-vs-qqq/)
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Related comparisons
Hubs: FMC correlations · QQQ correlations
