KF vs QQQ: Correlation
How closely do Korea Fund, Inc. (The) New (KF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KF and QQQ?
On 3 years of weekly data the KF/QQQ correlation comes out at 0.56, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.56). The 5-year figure is 0.54, and annualized covariance runs at 373.2 %².
Among the 17 assets we track against KF, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: KF led by 118.1 percentage points, +144.4% for KF against +26.3% for QQQ. Risk is not evenly split, since KF carries 1.7 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.
KF vs QQQ: side by side
| KF (Korea Fund, Inc. (The) New) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +144.4% | +26.3% |
| 5-year return | +138.0% | +95.4% |
| Volatility (ann.) | 33.8% | 19.6% |
| Beta vs S&P 500 | 1.18 | 1.28 |
| Max drawdown (3Y) | -35.2% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 2.17% | 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 | KF | QQQ |
|---|---|---|
| 2022 | -30.0% | -32.6% |
| 2023 | +12.3% | +54.9% |
| 2024 | -19.3% | +25.6% |
| 2025 | +104.8% | +20.8% |
| 2026 | +78.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KF and QQQ good diversifiers for each other?
To a limited degree. At 0.56 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 KF and QQQ?
As of 2026-08-27, the correlation of weekly returns between KF and QQQ is 0.56 over 3 years, 0.68 over 1 year and 0.54 over 5 years.
Is QQQ a good diversifier for KF?
To a limited degree. At 0.56 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 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kf-vs-qqq/)
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Related comparisons
Hubs: KF correlations · QQQ correlations
