JKHY vs QQQ: Correlation
Measured on weekly returns over the past three years, Jack Henry & Associates (JKHY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and QQQ?
Over the past 3 years, JKHY and QQQ moved with a correlation of 0.04, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.04 over 3 years. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 19.6 %².
By 3-year correlation, QQQ places #21 of the 33 assets tracked against JKHY. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.5 points (+5.8% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from -0.10 to 0.39.
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.
JKHY vs QQQ: side by side
| JKHY (Jack Henry & Associates) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.8% | +26.3% |
| 5-year return | +2.6% | +95.4% |
| Volatility (ann.) | 23.0% | 19.6% |
| Beta vs S&P 500 | 0.21 | 1.28 |
| Max drawdown (3Y) | -35.4% | -22.8% |
| Market cap | $12.1B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 1.38% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | JKHY | QQQ |
|---|---|---|
| 2022 | +6.2% | -32.6% |
| 2023 | -5.7% | +54.9% |
| 2024 | +8.7% | +25.6% |
| 2025 | +5.5% | +20.8% |
| 2026 | -6.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and QQQ good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JKHY and QQQ?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with -0.08 over the last year and 0.20 over 5 years.
Is QQQ a good diversifier for JKHY?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.04 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/jkhy-vs-qqq.json
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[](https://www.pairbook.io/pair/jkhy-vs-qqq/)
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Related comparisons
Hubs: JKHY correlations · QQQ correlations
