JRSH vs QQQ: Correlation
How closely do Jerash Holdings (US), Inc. (JRSH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRSH and QQQ?
Across a 3-year window, the weekly returns of JRSH and QQQ correlate at 0.22, weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 120.7 %².
Out of 13 assets tracked against JRSH, QQQ lands near the bottom at #9. The last year tells two different stories: JRSH led by 48.2 percentage points, +74.5% for JRSH against +26.3% for QQQ.
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.
JRSH vs QQQ: side by side
| JRSH (Jerash Holdings (US), Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +74.5% | +26.3% |
| 5-year return | -9.0% | +95.4% |
| Volatility (ann.) | 27.8% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -25.2% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 15.0 | – |
| Dividend yield | 3.55% | 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 | JRSH | QQQ |
|---|---|---|
| 2022 | -37.6% | -32.6% |
| 2023 | -15.5% | +54.9% |
| 2024 | +17.2% | +25.6% |
| 2025 | -5.4% | +20.8% |
| 2026 | +89.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRSH and QQQ good diversifiers for each other?
Reasonably. At 0.22, JRSH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JRSH and QQQ?
The JRSH/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.27, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JRSH?
Reasonably. At 0.22, JRSH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 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
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Related comparisons
Hubs: JRSH correlations · QQQ correlations
