KELYA vs QQQ: Correlation
How closely do Kelly Services, Inc. (KELYA) 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 KELYA and QQQ?
Across a 3-year window, the weekly returns of KELYA and QQQ correlate at 0.20, weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.20). Stretching to 5 years gives 0.29, with an annualized covariance of 149.1 %².
QQQ is close to the least connected end of KELYA's tracked universe, ranking #17 of 20. Their 12-month results are close: +24.2% for KELYA against +26.3% for QQQ. Risk is not evenly split, since KELYA carries 1.9 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.
KELYA vs QQQ: side by side
| KELYA (Kelly Services, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.2% | +26.3% |
| 5-year return | -5.4% | +95.4% |
| Volatility (ann.) | 37.3% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -66.5% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.77% | 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 | KELYA | QQQ |
|---|---|---|
| 2022 | +2.3% | -32.6% |
| 2023 | +30.0% | +54.9% |
| 2024 | -34.5% | +25.6% |
| 2025 | -35.2% | +20.8% |
| 2026 | +98.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KELYA and QQQ?
As of 2026-08-27, the correlation of weekly returns between KELYA and QQQ is 0.20 over 3 years, 0.05 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for KELYA?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: KELYA correlations · QQQ correlations
