JBSS vs QQQ: Correlation
Measured on weekly returns over the past three years, John B. Sanfilippo & Son, Inc. (JBSS) 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 JBSS and QQQ?
On 3 years of weekly data the JBSS/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.01 over 1 year against 0.05 over 3. The 5-year figure is 0.16, and annualized covariance runs at 27.1 %².
Within JBSS's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. Over the last 12 months QQQ came out ahead by 7.1 percentage points (+19.2% 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.
JBSS vs QQQ: side by side
| JBSS (John B. Sanfilippo & Son, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.2% | +26.3% |
| 5-year return | +6.4% | +95.4% |
| Volatility (ann.) | 28.6% | 19.6% |
| Beta vs S&P 500 | 0.21 | 1.28 |
| Max drawdown (3Y) | -43.7% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 1.25% | 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 | JBSS | QQQ |
|---|---|---|
| 2022 | -5.9% | -32.6% |
| 2023 | +30.9% | +54.9% |
| 2024 | -12.8% | +25.6% |
| 2025 | -15.8% | +20.8% |
| 2026 | +9.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBSS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, JBSS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JBSS and QQQ?
The JBSS/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.01, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JBSS?
Yes. With a correlation of 0.05, JBSS 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/jbss-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbss-vs-qqq/)
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Related comparisons
Hubs: JBSS correlations · QQQ correlations
