KG vs QQQ: Correlation
How closely do Kestrel Group, Ltd. (KG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KG and QQQ?
Over the past 3 years, KG and QQQ moved with a correlation of 0.25, which is weak. Recent behaviour matches the longer record: 0.27 over 1 year against 0.25 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 367.1 %².
Out of 10 assets tracked against KG, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 99.1 points (-72.8% versus +26.3%). Risk is not evenly split, since KG carries 3.8 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.
KG vs QQQ: side by side
| KG (Kestrel Group, Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -72.8% | +26.3% |
| 5-year return | -87.8% | +95.4% |
| Volatility (ann.) | 75.1% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -85.0% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | KG | QQQ |
|---|---|---|
| 2022 | -31.0% | -32.6% |
| 2023 | +8.5% | +54.9% |
| 2024 | -26.2% | +25.6% |
| 2025 | -69.7% | +20.8% |
| 2026 | -26.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KG and QQQ good diversifiers for each other?
Reasonably. At 0.25, KG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KG and QQQ?
As of 2026-08-27, the correlation of weekly returns between KG and QQQ is 0.25 over 3 years, 0.27 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for KG?
Reasonably. At 0.25, KG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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: KG correlations · QQQ correlations
