FT vs QQQ: Correlation
Franklin Universal Trust (FT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FT and QQQ?
On 3 years of weekly data the FT/QQQ correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 63.8 %².
Out of 12 assets tracked against FT, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 21.5 percentage points, +4.8% for FT against +26.3% for QQQ. One caveat on sizing: QQQ is 1.9 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.
FT vs QQQ: side by side
| FT (Franklin Universal Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.8% | +26.3% |
| 5-year return | +31.6% | +95.4% |
| Volatility (ann.) | 10.5% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -10.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 6.0 | – |
| Dividend yield | 6.58% | 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 | FT | QQQ |
|---|---|---|
| 2022 | -14.0% | -32.6% |
| 2023 | +6.6% | +54.9% |
| 2024 | +18.4% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | +1.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FT and QQQ good diversifiers for each other?
Reasonably. At 0.31, FT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FT and QQQ?
The FT/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.23, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FT?
Reasonably. At 0.31, FT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/ft-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ft-vs-qqq/)
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Related comparisons
Hubs: FT correlations · QQQ correlations
