KFY vs QQQ: Correlation
How closely do Korn Ferry (KFY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KFY and QQQ?
Across a 3-year window, the weekly returns of KFY and QQQ correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.50, with an annualized covariance of 202.8 %².
QQQ is close to the least connected end of KFY's tracked universe, ranking #18 of 22. The trailing year gives QQQ the advantage: +16.2% versus +26.3%, a 10.1-point spread.
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.
KFY vs QQQ: side by side
| KFY (Korn Ferry) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.2% | +26.3% |
| 5-year return | +30.5% | +95.4% |
| Volatility (ann.) | 26.3% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -24.1% | -22.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 2.37% | 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 | KFY | QQQ |
|---|---|---|
| 2022 | -32.4% | -32.6% |
| 2023 | +19.1% | +54.9% |
| 2024 | +16.1% | +25.6% |
| 2025 | +0.6% | +20.8% |
| 2026 | +30.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KFY and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KFY and QQQ?
The KFY/QQQ correlation stands at 0.39 on a 3-year window (1 year: 0.09, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KFY?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: KFY correlations · QQQ correlations
