FOA vs QQQ: Correlation
How closely do Finance of America Companies Inc. (FOA) 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 FOA and QQQ?
Across a 3-year window, the weekly returns of FOA and QQQ correlate at 0.08, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.22) runs above the 3-year figure (0.08). Stretching to 5 years gives 0.13, with an annualized covariance of 114.9 %².
QQQ is close to the least connected end of FOA's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 56.7 percentage points (-30.4% for FOA against +26.3% for QQQ). One caveat on sizing: FOA is 3.9 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.
FOA vs QQQ: side by side
| FOA (Finance of America Companies Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.4% | +26.3% |
| 5-year return | -65.5% | +95.4% |
| Volatility (ann.) | 76.9% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -71.7% | -22.8% |
| Market cap | $0.2B | – |
| 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 | FOA | QQQ |
|---|---|---|
| 2022 | -68.0% | -32.6% |
| 2023 | -13.4% | +54.9% |
| 2024 | +155.6% | +25.6% |
| 2025 | -13.9% | +20.8% |
| 2026 | -24.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between FOA and QQQ?
The FOA/QQQ correlation stands at 0.08 on a 3-year window (1 year: 0.22, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FOA?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: FOA correlations · QQQ correlations
