FRT vs QQQ: Correlation
How closely do Federal Realty Investment Trust (FRT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and QQQ?
Across a 3-year window, the weekly returns of FRT and QQQ correlate at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.23 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 87.8 %².
By 3-year correlation, QQQ places #36 of the 46 assets tracked against FRT. Twelve-month performance is nearly a tie, at +21.6% for FRT and +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.07 to 0.48.
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.
FRT vs QQQ: side by side
| FRT (Federal Realty Investment Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.6% | +26.3% |
| 5-year return | +18.8% | +95.4% |
| Volatility (ann.) | 19.5% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -27.4% | -22.8% |
| Market cap | $10.2B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 3.84% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | FRT | QQQ |
|---|---|---|
| 2022 | -22.7% | -32.6% |
| 2023 | +6.6% | +54.9% |
| 2024 | +12.1% | +25.6% |
| 2025 | -5.9% | +20.8% |
| 2026 | +19.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and QQQ good diversifiers for each other?
Reasonably. At 0.23, FRT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRT and QQQ?
As of 2026-08-27, the correlation of weekly returns between FRT and QQQ is 0.23 over 3 years, -0.03 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for FRT?
Reasonably. At 0.23, FRT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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/frt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · QQQ correlations
