FTI vs QQQ: Correlation
Measured on weekly returns over the past three years, TechnipFMC plc (FTI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and QQQ?
On 3 years of weekly data the FTI/QQQ correlation comes out at 0.19, weak. The link has loosened recently: the 1-year correlation (-0.13) runs below the 3-year figure (0.19). The 5-year figure is 0.20, and annualized covariance runs at 135.0 %².
Out of 14 assets tracked against FTI, QQQ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months FTI outperformed by 83.1 percentage points (+109.4% for FTI against +26.3% for QQQ). One caveat on sizing: FTI 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.
FTI vs QQQ: side by side
| FTI (TechnipFMC plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +109.4% | +26.3% |
| 5-year return | +1078.9% | +95.4% |
| Volatility (ann.) | 36.4% | 19.6% |
| Beta vs S&P 500 | 0.70 | 1.28 |
| Max drawdown (3Y) | -28.9% | -22.8% |
| Market cap | $29.9B | – |
| P/E (trailing) | 26.5 | – |
| Dividend yield | 0.26% | 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 | FTI | QQQ |
|---|---|---|
| 2022 | +105.9% | -32.6% |
| 2023 | +66.1% | +54.9% |
| 2024 | +44.8% | +25.6% |
| 2025 | +54.9% | +20.8% |
| 2026 | +71.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, FTI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FTI and QQQ?
The FTI/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.13, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FTI?
Yes. With a correlation of 0.19, FTI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FTI correlations · QQQ correlations
