FNF vs QQQ: Correlation
How closely do Fidelity National Financial, Inc. (FNF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNF and QQQ?
On 3 years of weekly data the FNF/QQQ correlation comes out at 0.24, weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.24). The 5-year figure is 0.39, and annualized covariance runs at 114.4 %².
QQQ is close to the least connected end of FNF's tracked universe, ranking #11 of 14. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.0 points (-15.7% versus +26.3%).
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.
FNF vs QQQ: side by side
| FNF (Fidelity National Financial, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.7% | +26.3% |
| 5-year return | +27.3% | +95.4% |
| Volatility (ann.) | 24.8% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -30.0% | -22.8% |
| Market cap | $12.7B | – |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 4.34% | 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 | FNF | QQQ |
|---|---|---|
| 2022 | -21.6% | -32.6% |
| 2023 | +42.2% | +54.9% |
| 2024 | +14.0% | +25.6% |
| 2025 | +4.4% | +20.8% |
| 2026 | -11.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNF and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNF and QQQ?
As of 2026-08-27, the correlation of weekly returns between FNF and QQQ is 0.24 over 3 years, 0.07 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for FNF?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/fnf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNF correlations · QQQ correlations
