JNJ vs QQQ: Correlation
Measured on weekly returns over the past three years, Johnson & Johnson (JNJ) and Invesco QQQ Trust (QQQ) carry a correlation of -0.12, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and QQQ?
On 3 years of weekly data the JNJ/QQQ correlation comes out at -0.12, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.12). The 5-year figure is 0.03, and annualized covariance runs at -43.9 %².
By 3-year correlation, QQQ places #37 of the 48 assets tracked against JNJ. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 27.4 percentage points (+53.7% for JNJ against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.42 to 0.15.
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.
JNJ vs QQQ: side by side
| JNJ (Johnson & Johnson) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +53.7% | +26.3% |
| 5-year return | +76.0% | +95.4% |
| Volatility (ann.) | 18.5% | 19.6% |
| Beta vs S&P 500 | 0.05 | 1.28 |
| Max drawdown (3Y) | -14.4% | -22.8% |
| Market cap | $640.5B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 1.94% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | JNJ | QQQ |
|---|---|---|
| 2022 | +6.0% | -32.6% |
| 2023 | -8.6% | +54.9% |
| 2024 | -4.8% | +25.6% |
| 2025 | +47.5% | +20.8% |
| 2026 | +30.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and QQQ good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JNJ and QQQ?
As of 2026-08-27, the correlation of weekly returns between JNJ and QQQ is -0.12 over 3 years, -0.44 over 1 year and 0.03 over 5 years.
Is QQQ a good diversifier for JNJ?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 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/jnj-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jnj-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JNJ correlations · QQQ correlations
