FTK vs QQQ: Correlation
Measured on weekly returns over the past three years, Flotek Industries, Inc. (FTK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTK and QQQ?
Over the past 3 years, FTK and QQQ moved with a correlation of 0.25, which is weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.25 over 3. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 421.0 %².
Among the 12 assets we track against FTK, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: FTK led by 73.9 percentage points, +100.2% for FTK against +26.3% for QQQ. Risk is not evenly split, since FTK carries 4.3 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.
FTK vs QQQ: side by side
| FTK (Flotek Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +100.2% | +26.3% |
| 5-year return | +196.8% | +95.4% |
| Volatility (ann.) | 84.8% | 19.6% |
| Beta vs S&P 500 | 1.61 | 1.28 |
| Max drawdown (3Y) | -49.6% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 24.2 | – |
| 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 | FTK | QQQ |
|---|---|---|
| 2022 | -0.9% | -32.6% |
| 2023 | -41.7% | +54.9% |
| 2024 | +143.1% | +25.6% |
| 2025 | +80.8% | +20.8% |
| 2026 | +41.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTK and QQQ good diversifiers for each other?
Reasonably. At 0.25, FTK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FTK and QQQ?
As of 2026-08-27, the correlation of weekly returns between FTK and QQQ is 0.25 over 3 years, 0.21 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for FTK?
Reasonably. At 0.25, FTK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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: FTK correlations · QQQ correlations
