FVRR vs QQQ: Correlation
Fiverr International Ltd. (FVRR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FVRR and QQQ?
Over the past 3 years, FVRR and QQQ moved with a correlation of 0.30, which is moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.30 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 300.0 %².
Out of 12 assets tracked against FVRR, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 85.8 percentage points (-59.5% for FVRR against +26.3% for QQQ). Note the risk asymmetry: FVRR runs 2.6 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.
FVRR vs QQQ: side by side
| FVRR (Fiverr International Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -59.5% | +26.3% |
| 5-year return | -94.9% | +95.4% |
| Volatility (ann.) | 50.3% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -75.6% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.7 | – |
| 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 | FVRR | QQQ |
|---|---|---|
| 2022 | -74.4% | -32.6% |
| 2023 | -6.6% | +54.9% |
| 2024 | +16.6% | +25.6% |
| 2025 | -37.7% | +20.8% |
| 2026 | -52.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FVRR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FVRR and QQQ?
The FVRR/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.28, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FVRR?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fvrr-vs-qqq.json
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Related comparisons
Hubs: FVRR correlations · QQQ correlations
