KMB vs QQQ: Correlation
Measured on weekly returns over the past three years, Kimberly-Clark (KMB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and QQQ?
Across a 3-year window, the weekly returns of KMB and QQQ correlate at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.08 over 1 year against 0.05 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 17.8 %².
Within KMB's tracked universe of 27 assets, QQQ comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 37.7 percentage points (-11.4% for KMB against +26.3% for QQQ). The rolling one-year correlation moved between -0.09 and 0.26 over the past three years, a moderate range.
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.
KMB vs QQQ: side by side
| KMB (Kimberly-Clark) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -11.4% | +26.3% |
| 5-year return | -2.6% | +95.4% |
| Volatility (ann.) | 19.3% | 19.6% |
| Beta vs S&P 500 | 0.15 | 1.28 |
| Max drawdown (3Y) | -34.1% | -22.8% |
| Market cap | $36.6B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.60% | 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 | KMB | QQQ |
|---|---|---|
| 2022 | -1.6% | -32.6% |
| 2023 | -7.1% | +54.9% |
| 2024 | +11.8% | +25.6% |
| 2025 | -19.9% | +20.8% |
| 2026 | +11.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, KMB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KMB and QQQ?
The KMB/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.08, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KMB?
Yes. With a correlation of 0.05, KMB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 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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Related comparisons
Hubs: KMB correlations · QQQ correlations
