KD vs QQQ: Correlation
Kyndryl Holdings, Inc. (KD) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KD and QQQ?
Over the past 3 years, KD and QQQ moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.36 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 374.8 %².
By 3-year correlation, QQQ places #19 of the 27 assets tracked against KD. Correlation aside, the last 12 months split them widely, with QQQ ahead by 84.3 points (-58.0% versus +26.3%). Risk is not evenly split, since KD carries 2.7 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.
KD vs QQQ: side by side
| KD (Kyndryl Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -58.0% | +26.3% |
| 5-year return | -67.5% | +95.4% |
| Volatility (ann.) | 53.4% | 19.6% |
| Beta vs S&P 500 | 1.59 | 1.28 |
| Max drawdown (3Y) | -75.6% | -22.8% |
| Market cap | $2.9B | – |
| P/E (trailing) | 34.0 | – |
| 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 | KD | QQQ |
|---|---|---|
| 2022 | -38.6% | -32.6% |
| 2023 | +86.9% | +54.9% |
| 2024 | +66.5% | +25.6% |
| 2025 | -23.2% | +20.8% |
| 2026 | -50.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KD and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KD and QQQ?
The KD/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KD?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/kd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KD correlations · QQQ correlations
