JJSF vs QQQ: Correlation
J & J Snack Foods Corp. (JJSF) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JJSF and QQQ?
On 3 years of weekly data the JJSF/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.06) sits close to the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at 55.4 %².
Among the 11 assets we track against JJSF, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 46.3 percentage points, -20.0% for JJSF against +26.3% for QQQ. One caveat on sizing: JJSF is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JJSF vs QQQ: side by side
| JJSF (J & J Snack Foods Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.0% | +26.3% |
| 5-year return | -39.4% | +95.4% |
| Volatility (ann.) | 30.3% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -59.2% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 3.61% | 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 | JJSF | QQQ |
|---|---|---|
| 2022 | -3.4% | -32.6% |
| 2023 | +13.7% | +54.9% |
| 2024 | -5.4% | +25.6% |
| 2025 | -40.0% | +20.8% |
| 2026 | -0.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JJSF and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, JJSF and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JJSF and QQQ?
The JJSF/QQQ correlation stands at 0.09 on a 3-year window (1 year: 0.06, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JJSF?
Yes. With a correlation of 0.09, JJSF and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 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.
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Related comparisons
Hubs: JJSF correlations · QQQ correlations
