FTDR vs QQQ: Correlation
How closely do Frontdoor, Inc. (FTDR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTDR and QQQ?
Across a 3-year window, the weekly returns of FTDR and QQQ correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 337.7 %².
Among the 14 assets we track against FTDR, QQQ ranks #9 by 3-year correlation. Over the last 12 months FTDR came out ahead by 7.3 percentage points (+33.6% against +26.3%). One caveat on sizing: FTDR is 2.2 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.
FTDR vs QQQ: side by side
| FTDR (Frontdoor, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.6% | +26.3% |
| 5-year return | +91.0% | +95.4% |
| Volatility (ann.) | 43.8% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -40.6% | -22.8% |
| Market cap | $5.7B | – |
| P/E (trailing) | 21.9 | – |
| 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 | FTDR | QQQ |
|---|---|---|
| 2022 | -43.2% | -32.6% |
| 2023 | +69.3% | +54.9% |
| 2024 | +55.2% | +25.6% |
| 2025 | +5.5% | +20.8% |
| 2026 | +43.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTDR and QQQ good diversifiers for each other?
Reasonably. At 0.39, FTDR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FTDR and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.41 over the last year and 0.36 over 5 years.
Is QQQ a good diversifier for FTDR?
Reasonably. At 0.39, FTDR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FTDR correlations · QQQ correlations
