KBH vs QQQ: Correlation
How closely do KB Home (KBH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBH and QQQ?
Over the past 3 years, KBH and QQQ moved with a correlation of 0.20, which is weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.20). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 141.1 %².
QQQ is close to the least connected end of KBH's tracked universe, ranking #23 of 27. Correlation aside, the last 12 months split them widely, with QQQ ahead by 38.4 points (-12.1% versus +26.3%). Risk is not evenly split, since KBH carries 1.8 times the volatility of the other side.
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.
KBH vs QQQ: side by side
| KBH (KB Home) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.1% | +26.3% |
| 5-year return | +37.4% | +95.4% |
| Volatility (ann.) | 35.8% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -48.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 1.78% | 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 | KBH | QQQ |
|---|---|---|
| 2022 | -27.5% | -32.6% |
| 2023 | +99.0% | +54.9% |
| 2024 | +6.6% | +25.6% |
| 2025 | -12.7% | +20.8% |
| 2026 | -1.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBH and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KBH and QQQ?
As of 2026-08-27, the correlation of weekly returns between KBH and QQQ is 0.20 over 3 years, 0.05 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for KBH?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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/kbh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kbh-vs-qqq/)
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Related comparisons
Hubs: KBH correlations · QQQ correlations
