FTCI vs QQQ: Correlation
How closely do FTC Solar, Inc. (FTCI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTCI and QQQ?
On 3 years of weekly data the FTCI/QQQ correlation comes out at 0.28, weak. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.28). The 5-year figure is 0.31, and annualized covariance runs at 680.9 %².
QQQ is close to the least connected end of FTCI's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 88.7 points (-62.4% versus +26.3%). Risk is not evenly split, since FTCI carries 6.3 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.
FTCI vs QQQ: side by side
| FTCI (FTC Solar, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -62.4% | +26.3% |
| 5-year return | -97.8% | +95.4% |
| Volatility (ann.) | 122.6% | 19.6% |
| Beta vs S&P 500 | 2.61 | 1.28 |
| Max drawdown (3Y) | -90.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | FTCI | QQQ |
|---|---|---|
| 2022 | -64.6% | -32.6% |
| 2023 | -74.1% | +54.9% |
| 2024 | -20.5% | +25.6% |
| 2025 | +98.0% | +20.8% |
| 2026 | -77.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTCI and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FTCI and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.46 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for FTCI?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/ftci-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ftci-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTCI correlations · QQQ correlations
