FTAI vs QQQ: Correlation
Measured on weekly returns over the past three years, FTAI Aviation Ltd. (FTAI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTAI and QQQ?
On 3 years of weekly data the FTAI/QQQ correlation comes out at 0.28, weak. Recent behaviour matches the longer record: 0.38 over 1 year against 0.28 over 3. The 5-year figure is 0.37, and annualized covariance runs at 317.9 %².
QQQ is close to the least connected end of FTAI's tracked universe, ranking #6 of 10. Over the last 12 months FTAI came out ahead by 7.8 percentage points (+34.1% against +26.3%). Risk is not evenly split, since FTAI carries 3.0 times the volatility of the other side.
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.
FTAI vs QQQ: side by side
| FTAI (FTAI Aviation Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.1% | +26.3% |
| 5-year return | +884.3% | +95.4% |
| Volatility (ann.) | 59.0% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -52.1% | -22.8% |
| Market cap | $20.5B | – |
| P/E (trailing) | 43.8 | – |
| Dividend yield | 0.84% | 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 | FTAI | QQQ |
|---|---|---|
| 2022 | -25.8% | -32.6% |
| 2023 | +181.6% | +54.9% |
| 2024 | +214.7% | +25.6% |
| 2025 | +38.0% | +20.8% |
| 2026 | +1.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTAI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FTAI and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.38 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for FTAI?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/ftai-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ftai-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTAI correlations · QQQ correlations
