KEYS vs QQQ: Correlation
Measured on weekly returns over the past three years, Keysight Technologies (KEYS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and QQQ?
Over the past 3 years, KEYS and QQQ moved with a correlation of 0.61, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.61 over 3 years. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 441.4 %².
Within KEYS's tracked universe of 43 assets, QQQ comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KEYS ahead by 71.1 points (+97.4% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.81. One caveat on sizing: KEYS is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KEYS vs QQQ: side by side
| KEYS (Keysight Technologies) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +97.4% | +26.3% |
| 5-year return | +81.9% | +95.4% |
| Volatility (ann.) | 36.8% | 19.6% |
| Beta vs S&P 500 | 1.58 | 1.28 |
| Max drawdown (3Y) | -31.4% | -22.8% |
| Market cap | $55.5B | – |
| P/E (trailing) | 43.5 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | KEYS | QQQ |
|---|---|---|
| 2022 | -17.2% | -32.6% |
| 2023 | -7.0% | +54.9% |
| 2024 | +1.0% | +25.6% |
| 2025 | +26.5% | +20.8% |
| 2026 | +60.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and QQQ good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KEYS and QQQ?
As of 2026-08-27, the correlation of weekly returns between KEYS and QQQ is 0.61 over 3 years, 0.48 over 1 year and 0.64 over 5 years.
Is QQQ a good diversifier for KEYS?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/keys-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/keys-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KEYS correlations · QQQ correlations
