JOE vs QQQ: Correlation
How closely do St. Joe Company (The) (JOE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOE and QQQ?
Over the past 3 years, JOE and QQQ moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 187.4 %².
Out of 12 assets tracked against JOE, QQQ lands near the bottom at #9. On 12-month performance JOE holds a 8.8-point edge, +35.1% 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.
JOE vs QQQ: side by side
| JOE (St. Joe Company (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.1% | +26.3% |
| 5-year return | +53.5% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -35.4% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 32.5 | – |
| Dividend yield | 0.90% | 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 | JOE | QQQ |
|---|---|---|
| 2022 | -25.1% | -32.6% |
| 2023 | +57.1% | +54.9% |
| 2024 | -24.6% | +25.6% |
| 2025 | +33.7% | +20.8% |
| 2026 | +15.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOE and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JOE and QQQ?
As of 2026-08-27, the correlation of weekly returns between JOE and QQQ is 0.34 over 3 years, 0.30 over 1 year and 0.45 over 5 years.
Is QQQ a good diversifier for JOE?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: JOE correlations · QQQ correlations
