KNF vs QQQ: Correlation
Measured on weekly returns over the past three years, Knife Riv Holding Co. (KNF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNF and QQQ?
Across a 3-year window, the weekly returns of KNF and QQQ correlate at 0.33, moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 256.9 %².
Among the 11 assets we track against KNF, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 45.9 percentage points, -19.6% for KNF against +26.3% for QQQ. Risk is not evenly split, since KNF carries 2.1 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.
KNF vs QQQ: side by side
| KNF (Knife Riv Holding Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 40.3% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -44.2% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 27.2 | – |
| 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 | KNF | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +53.6% | +25.6% |
| 2025 | -30.8% | +20.8% |
| 2026 | -5.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNF and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KNF and QQQ?
The KNF/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KNF?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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
$ curl https://www.pairbook.io/api/v1/pairs/knf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/knf-vs-qqq/)
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Related comparisons
Hubs: KNF correlations · QQQ correlations
