FND vs QQQ: Correlation
How closely do Floor & Decor Holdings, Inc. (FND) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and QQQ?
Over the past 3 years, FND and QQQ moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 312.4 %².
Among the 23 assets we track against FND, QQQ sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 61.6 percentage points (-35.3% for FND against +26.3% for QQQ). One caveat on sizing: FND 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.
FND vs QQQ: side by side
| FND (Floor & Decor Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -35.3% | +26.3% |
| 5-year return | -56.3% | +95.4% |
| Volatility (ann.) | 40.8% | 19.6% |
| Beta vs S&P 500 | 1.32 | 1.28 |
| Max drawdown (3Y) | -67.5% | -22.8% |
| Market cap | $5.7B | – |
| P/E (trailing) | 25.4 | – |
| 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 | FND | QQQ |
|---|---|---|
| 2022 | -46.4% | -32.6% |
| 2023 | +60.2% | +54.9% |
| 2024 | -10.6% | +25.6% |
| 2025 | -38.9% | +20.8% |
| 2026 | -12.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and QQQ good diversifiers for each other?
Reasonably. At 0.39, FND and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FND and QQQ?
As of 2026-08-27, the correlation of weekly returns between FND and QQQ is 0.39 over 3 years, 0.31 over 1 year and 0.53 over 5 years.
Is QQQ a good diversifier for FND?
Reasonably. At 0.39, FND and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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: FND correlations · QQQ correlations
