JBI vs QQQ: Correlation
Janus International Group, Inc. (JBI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBI and QQQ?
Across a 3-year window, the weekly returns of JBI and QQQ correlate at 0.24, weak. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 220.2 %².
QQQ is close to the least connected end of JBI's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 78.9 percentage points (-52.6% for JBI against +26.3% for QQQ). Note the risk asymmetry: JBI runs 2.3 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.
JBI vs QQQ: side by side
| JBI (Janus International Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.6% | +26.3% |
| 5-year return | -66.6% | +95.4% |
| Volatility (ann.) | 46.0% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -69.3% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 21.5 | – |
| 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 | JBI | QQQ |
|---|---|---|
| 2022 | -24.0% | -32.6% |
| 2023 | +37.1% | +54.9% |
| 2024 | -43.7% | +25.6% |
| 2025 | -11.0% | +20.8% |
| 2026 | -24.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBI and QQQ good diversifiers for each other?
Reasonably. At 0.24, JBI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JBI and QQQ?
As of 2026-08-27, the correlation of weekly returns between JBI and QQQ is 0.24 over 3 years, 0.33 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for JBI?
Reasonably. At 0.24, JBI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jbi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbi-vs-qqq/)
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Related comparisons
Hubs: JBI correlations · QQQ correlations
