FRPT vs QQQ: Correlation
Freshpet, Inc. (FRPT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRPT and QQQ?
Over the past 3 years, FRPT and QQQ moved with a correlation of 0.30, which is moderate. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 268.5 %².
Among the 13 assets we track against FRPT, QQQ sits near the bottom by co-movement, at rank #10. Their 12-month results are close: +26.7% for FRPT against +26.3% for QQQ. One caveat on sizing: FRPT is 2.3 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.
FRPT vs QQQ: side by side
| FRPT (Freshpet, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.7% | +26.3% |
| 5-year return | -42.7% | +95.4% |
| Volatility (ann.) | 45.9% | 19.6% |
| Beta vs S&P 500 | 1.15 | 1.28 |
| Max drawdown (3Y) | -70.9% | -22.8% |
| Market cap | $3.5B | – |
| P/E (trailing) | 19.4 | – |
| 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 | FRPT | QQQ |
|---|---|---|
| 2022 | -44.6% | -32.6% |
| 2023 | +64.4% | +54.9% |
| 2024 | +70.7% | +25.6% |
| 2025 | -58.9% | +20.8% |
| 2026 | +19.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRPT and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FRPT and QQQ?
As of 2026-08-27, the correlation of weekly returns between FRPT and QQQ is 0.30 over 3 years, 0.20 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for FRPT?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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.
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Related comparisons
Hubs: FRPT correlations · QQQ correlations
