FRO vs QQQ: Correlation
Frontline Plc (FRO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRO and QQQ?
Over the past 3 years, FRO and QQQ moved with a correlation of 0.17, which is weak. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 152.5 %².
Among the 14 assets we track against FRO, QQQ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: FRO led by 103.3 percentage points, +129.6% for FRO against +26.3% for QQQ. Note the risk asymmetry: FRO runs 2.4 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.
FRO vs QQQ: side by side
| FRO (Frontline Plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +129.6% | +26.3% |
| 5-year return | +771.5% | +95.4% |
| Volatility (ann.) | 46.1% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -52.0% | -22.8% |
| Market cap | $9.7B | – |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 7.60% | 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 | FRO | QQQ |
|---|---|---|
| 2022 | +73.7% | -32.6% |
| 2023 | +96.2% | +54.9% |
| 2024 | -22.5% | +25.6% |
| 2025 | +57.3% | +20.8% |
| 2026 | +115.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, FRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FRO and QQQ?
As of 2026-08-27, the correlation of weekly returns between FRO and QQQ is 0.17 over 3 years, 0.22 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for FRO?
Yes. With a correlation of 0.17, FRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 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/fro-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fro-vs-qqq/)
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Related comparisons
Hubs: FRO correlations · QQQ correlations
