JOUT vs QQQ: Correlation
Johnson Outdoors Inc. (JOUT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOUT and QQQ?
Over the past 3 years, JOUT and QQQ moved with a correlation of 0.19, which is weak. Recent behaviour matches the longer record: 0.12 over 1 year against 0.19 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 126.6 %².
Out of 12 assets tracked against JOUT, QQQ lands near the bottom at #9. The trailing year gives QQQ the advantage: +14.5% versus +26.3%, a 11.8-point spread. One caveat on sizing: JOUT is 1.8 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.
JOUT vs QQQ: side by side
| JOUT (Johnson Outdoors Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.5% | +26.3% |
| 5-year return | -55.0% | +95.4% |
| Volatility (ann.) | 34.4% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -59.4% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.90% | 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 | JOUT | QQQ |
|---|---|---|
| 2022 | -28.1% | -32.6% |
| 2023 | -17.5% | +54.9% |
| 2024 | -36.1% | +25.6% |
| 2025 | +34.1% | +20.8% |
| 2026 | +10.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOUT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, JOUT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JOUT and QQQ?
As of 2026-08-27, the correlation of weekly returns between JOUT and QQQ is 0.19 over 3 years, 0.12 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for JOUT?
Yes. With a correlation of 0.19, JOUT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jout-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jout-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOUT correlations · QQQ correlations
