KKR vs QQQ: Correlation
How closely do KKR & Co. (KKR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KKR and QQQ?
Across a 3-year window, the weekly returns of KKR and QQQ correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.65, with an annualized covariance of 437.8 %².
Within KKR's tracked universe of 37 assets, QQQ comes in at #21 by 3-year correlation. The last year tells two different stories: QQQ led by 47.9 percentage points, -21.6% for KKR against +26.3% for QQQ. Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.74. Risk is not evenly split, since KKR carries 1.9 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.
KKR vs QQQ: side by side
| KKR (KKR & Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -21.6% | +26.3% |
| 5-year return | +77.3% | +95.4% |
| Volatility (ann.) | 37.8% | 19.6% |
| Beta vs S&P 500 | 1.76 | 1.28 |
| Max drawdown (3Y) | -49.4% | -22.8% |
| Market cap | $101.0B | – |
| P/E (trailing) | 34.7 | – |
| Dividend yield | 0.70% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | KKR | QQQ |
|---|---|---|
| 2022 | -37.0% | -32.6% |
| 2023 | +80.5% | +54.9% |
| 2024 | +79.6% | +25.6% |
| 2025 | -13.3% | +20.8% |
| 2026 | -13.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KKR and QQQ good diversifiers for each other?
To a limited degree. At 0.59 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 KKR and QQQ?
As of 2026-08-27, the correlation of weekly returns between KKR and QQQ is 0.59 over 3 years, 0.38 over 1 year and 0.65 over 5 years.
Is QQQ a good diversifier for KKR?
To a limited degree. At 0.59 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 0.59 mean?
A reading of 0.59 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/kkr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kkr-vs-qqq/)
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Related comparisons
Hubs: KKR correlations · QQQ correlations
