KNSL vs QQQ: Correlation
Kinsale Capital Group, Inc. (KNSL) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and QQQ?
Over the past 3 years, KNSL and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.03 lands near the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 36.1 %².
Within KNSL's tracked universe of 15 assets, QQQ comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 42.2 percentage points (-15.9% for KNSL against +26.3% for QQQ). Risk is not evenly split, since KNSL 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.
KNSL vs QQQ: side by side
| KNSL (Kinsale Capital Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.9% | +26.3% |
| 5-year return | +110.8% | +95.4% |
| Volatility (ann.) | 37.5% | 19.6% |
| Beta vs S&P 500 | 0.36 | 1.28 |
| Max drawdown (3Y) | -46.8% | -22.8% |
| Market cap | $8.7B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.22% | 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 | KNSL | QQQ |
|---|---|---|
| 2022 | +10.2% | -32.6% |
| 2023 | +28.3% | +54.9% |
| 2024 | +39.1% | +25.6% |
| 2025 | -15.8% | +20.8% |
| 2026 | -2.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, KNSL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KNSL and QQQ?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with -0.03 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for KNSL?
Yes. With a correlation of 0.05, KNSL 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
$ curl https://www.pairbook.io/api/v1/pairs/knsl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/knsl-vs-qqq/)
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Related comparisons
Hubs: KNSL correlations · QQQ correlations
