KHC vs QQQ: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and Invesco QQQ Trust (QQQ) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and QQQ?
Over the past 3 years, KHC and QQQ moved with a correlation of -0.02, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.03) sits close to the 3-year figure. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -8.3 %².
Within KHC's tracked universe of 36 assets, QQQ comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 30.2 points (-3.9% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.31 and 0.25 over the past three years, so this pair behaves very differently depending on the market environment.
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.
KHC vs QQQ: side by side
| KHC (Kraft Heinz) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.9% | +26.3% |
| 5-year return | -10.9% | +95.4% |
| Volatility (ann.) | 21.7% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -38.7% | -22.8% |
| Market cap | $29.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.45% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | KHC | QQQ |
|---|---|---|
| 2022 | +18.2% | -32.6% |
| 2023 | -5.0% | +54.9% |
| 2024 | -13.0% | +25.6% |
| 2025 | -16.3% | +20.8% |
| 2026 | +7.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds KHC at a 0.13% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are KHC and QQQ good diversifiers for each other?
Yes: at -0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KHC and QQQ?
As of 2026-08-27, the correlation of weekly returns between KHC and QQQ is -0.02 over 3 years, 0.03 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for KHC?
Yes: at -0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.02 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/khc-vs-qqq/)
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Related comparisons
Hubs: KHC correlations · QQQ correlations
