FPH vs QQQ: Correlation
Five Point Holdings, LLC Class A (FPH) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPH and QQQ?
On 3 years of weekly data the FPH/QQQ correlation comes out at 0.19, weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 167.4 %².
Among the 12 assets we track against FPH, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.6 points (-9.3% versus +26.3%). Note the risk asymmetry: FPH runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FPH vs QQQ: side by side
| FPH (Five Point Holdings, LLC Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.3% | +26.3% |
| 5-year return | -37.3% | +95.4% |
| Volatility (ann.) | 44.0% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -33.4% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 7.1 | – |
| 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 | FPH | QQQ |
|---|---|---|
| 2022 | -64.4% | -32.6% |
| 2023 | +31.8% | +54.9% |
| 2024 | +23.1% | +25.6% |
| 2025 | +47.9% | +20.8% |
| 2026 | -8.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPH and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, FPH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FPH and QQQ?
The FPH/QQQ correlation stands at 0.19 on a 3-year window (1 year: 0.21, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FPH?
Yes. With a correlation of 0.19, FPH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 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/fph-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fph-vs-qqq/)
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Related comparisons
Hubs: FPH correlations · QQQ correlations
