FUL vs QQQ: Correlation
Measured on weekly returns over the past three years, H. B. Fuller Company (FUL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUL and QQQ?
Over the past 3 years, FUL and QQQ moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.36). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 220.3 %².
Among the 16 assets we track against FUL, QQQ sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 32.4 percentage points (-6.1% for FUL against +26.3% for QQQ). Note the risk asymmetry: FUL runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FUL vs QQQ: side by side
| FUL (H. B. Fuller Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.1% | +26.3% |
| 5-year return | -10.4% | +95.4% |
| Volatility (ann.) | 31.0% | 19.6% |
| Beta vs S&P 500 | 0.93 | 1.28 |
| Max drawdown (3Y) | -43.5% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.64% | 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 | FUL | QQQ |
|---|---|---|
| 2022 | -10.6% | -32.6% |
| 2023 | +15.0% | +54.9% |
| 2024 | -16.2% | +25.6% |
| 2025 | -10.5% | +20.8% |
| 2026 | -3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUL and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FUL and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.23 over the last year and 0.43 over 5 years.
Is QQQ a good diversifier for FUL?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/ful-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ful-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUL correlations · QQQ correlations
