FNKO vs QQQ: Correlation
Funko, Inc. (FNKO) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNKO and QQQ?
Over the past 3 years, FNKO and QQQ moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.46) than the 3-year average (0.35). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 478.8 %².
Out of 12 assets tracked against FNKO, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with FNKO ahead by 74.9 points (+101.2% versus +26.3%). One caveat on sizing: FNKO is 3.6 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.
FNKO vs QQQ: side by side
| FNKO (Funko, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +101.2% | +26.3% |
| 5-year return | -63.9% | +95.4% |
| Volatility (ann.) | 70.2% | 19.6% |
| Beta vs S&P 500 | 1.95 | 1.28 |
| Max drawdown (3Y) | -83.0% | -22.8% |
| Market cap | $0.4B | – |
| 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 | FNKO | QQQ |
|---|---|---|
| 2022 | -42.0% | -32.6% |
| 2023 | -29.1% | +54.9% |
| 2024 | +73.2% | +25.6% |
| 2025 | -74.6% | +20.8% |
| 2026 | +98.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNKO and QQQ good diversifiers for each other?
Reasonably. At 0.35, FNKO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FNKO and QQQ?
The FNKO/QQQ correlation stands at 0.35 on a 3-year window (1 year: 0.46, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FNKO?
Reasonably. At 0.35, FNKO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fnko-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnko-vs-qqq/)
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Related comparisons
Hubs: FNKO correlations · QQQ correlations
