KBSX vs QQQ: Correlation
How closely do FST Corp. (KBSX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBSX and QQQ?
On 3 years of weekly data the KBSX/QQQ correlation comes out at 0.13, weak. The relationship has been stable: the 1-year correlation (0.03) sits close to the 3-year figure. The 5-year figure is 0.09, and annualized covariance runs at 218.6 %².
Within KBSX's tracked universe of 16 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 65.8 points (-39.5% versus +26.3%). Risk is not evenly split, since KBSX carries 4.5 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.
KBSX vs QQQ: side by side
| KBSX (FST Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -39.5% | +26.3% |
| 5-year return | -89.8% | +95.4% |
| Volatility (ann.) | 88.4% | 19.6% |
| Beta vs S&P 500 | 0.95 | 1.28 |
| Max drawdown (3Y) | -94.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 0.00% | 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 | KBSX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | -12.7% | +25.6% |
| 2025 | -85.5% | +20.8% |
| 2026 | -27.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBSX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between KBSX and QQQ?
As of 2026-08-27, the correlation of weekly returns between KBSX and QQQ is 0.13 over 3 years, 0.03 over 1 year and 0.09 over 5 years.
Is QQQ a good diversifier for KBSX?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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.
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Related comparisons
Hubs: KBSX correlations · QQQ correlations
