FTS vs QQQ: Correlation
Measured on weekly returns over the past three years, Fortis Inc. (FTS) and Invesco QQQ Trust (QQQ) carry a correlation of -0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTS and QQQ?
Over the past 3 years, FTS and QQQ moved with a correlation of -0.05, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.22) than the 3-year average (-0.05). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is -15.2 %².
QQQ is close to the least connected end of FTS's tracked universe, ranking #11 of 14. The trailing year gives QQQ the advantage: +12.4% versus +26.3%, a 13.9-point spread.
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.
FTS vs QQQ: side by side
| FTS (Fortis Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.4% | +26.3% |
| 5-year return | +43.4% | +95.4% |
| Volatility (ann.) | 14.6% | 19.6% |
| Beta vs S&P 500 | 0.04 | 1.28 |
| Max drawdown (3Y) | -11.6% | -22.8% |
| Market cap | $28.0B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 4.58% | 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 | FTS | QQQ |
|---|---|---|
| 2022 | -13.9% | -32.6% |
| 2023 | +7.0% | +54.9% |
| 2024 | +5.4% | +25.6% |
| 2025 | +28.5% | +20.8% |
| 2026 | +8.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTS and QQQ good diversifiers for each other?
Yes. With a correlation of -0.05, FTS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FTS and QQQ?
As of 2026-08-27, the correlation of weekly returns between FTS and QQQ is -0.05 over 3 years, -0.22 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for FTS?
Yes. With a correlation of -0.05, FTS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.05 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fts-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fts-vs-qqq/)
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Related comparisons
Hubs: FTS correlations · QQQ correlations
