FUND vs QQQ: Correlation
Measured on weekly returns over the past three years, Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Invesco QQQ Trust (QQQ) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and QQQ?
On 3 years of weekly data the FUND/QQQ correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.49). The 5-year figure is 0.56, and annualized covariance runs at 170.6 %².
By 3-year correlation, QQQ places #17 of the 32 assets tracked against FUND. On 12-month performance FUND holds a 12.8-point edge, +39.1% against +26.3%.
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.
FUND vs QQQ: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.1% | +26.3% |
| 5-year return | +83.0% | +95.4% |
| Volatility (ann.) | 17.9% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -18.2% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 5.36% | 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 | FUND | QQQ |
|---|---|---|
| 2022 | -1.2% | -32.6% |
| 2023 | +6.9% | +54.9% |
| 2024 | -1.0% | +25.6% |
| 2025 | +27.5% | +20.8% |
| 2026 | +26.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and QQQ good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FUND and QQQ?
The FUND/QQQ correlation stands at 0.49 on a 3-year window (1 year: 0.37, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FUND?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/fund-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fund-vs-qqq/)
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Related comparisons
Hubs: FUND correlations · QQQ correlations
