FOR vs QQQ: Correlation
How closely do Forestar Group Inc (FOR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOR and QQQ?
Across a 3-year window, the weekly returns of FOR and QQQ correlate at 0.27, weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 192.5 %².
QQQ is close to the least connected end of FOR's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 23.0 points (+3.3% versus +26.3%). One caveat on sizing: FOR is 1.8 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.
FOR vs QQQ: side by side
| FOR (Forestar Group Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.3% | +26.3% |
| 5-year return | +34.9% | +95.4% |
| Volatility (ann.) | 35.8% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -54.7% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 8.6 | – |
| 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 | FOR | QQQ |
|---|---|---|
| 2022 | -29.1% | -32.6% |
| 2023 | +114.6% | +54.9% |
| 2024 | -21.6% | +25.6% |
| 2025 | -5.0% | +20.8% |
| 2026 | +16.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOR and QQQ good diversifiers for each other?
Reasonably. At 0.27, FOR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOR and QQQ?
As of 2026-08-27, the correlation of weekly returns between FOR and QQQ is 0.27 over 3 years, 0.20 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for FOR?
Reasonably. At 0.27, FOR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/for-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/for-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOR correlations · QQQ correlations
