FOSL vs QQQ: Correlation
Fossil Group, Inc. (FOSL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOSL and QQQ?
Across a 3-year window, the weekly returns of FOSL and QQQ correlate at 0.21, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 380.4 %².
Among the 13 assets we track against FOSL, QQQ sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months FOSL outperformed by 49.5 percentage points (+75.8% for FOSL against +26.3% for QQQ). Risk is not evenly split, since FOSL carries 4.7 times the volatility of the other side.
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.
FOSL vs QQQ: side by side
| FOSL (Fossil Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +75.8% | +26.3% |
| 5-year return | -60.8% | +95.4% |
| Volatility (ann.) | 92.1% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -65.5% | -22.8% |
| Market cap | $0.3B | – |
| 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 | FOSL | QQQ |
|---|---|---|
| 2022 | -58.1% | -32.6% |
| 2023 | -66.1% | +54.9% |
| 2024 | +14.4% | +25.6% |
| 2025 | +125.1% | +20.8% |
| 2026 | +43.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOSL and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FOSL and QQQ?
The FOSL/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.26, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FOSL?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fosl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fosl-vs-qqq/)
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Related comparisons
Hubs: FOSL correlations · QQQ correlations
