KNTK vs QQQ: Correlation
Measured on weekly returns over the past three years, Kinetik Holdings Inc. (KNTK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNTK and QQQ?
Across a 3-year window, the weekly returns of KNTK and QQQ correlate at 0.19, weak. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.19 over 3 years. Stretching to 5 years gives 0.15, with an annualized covariance of 120.8 %².
QQQ is close to the least connected end of KNTK's tracked universe, ranking #10 of 14. The trailing year gives KNTK the advantage: +39.6% versus +26.3%, a 13.3-point spread. Note the risk asymmetry: KNTK runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KNTK vs QQQ: side by side
| KNTK (Kinetik Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.6% | +26.3% |
| 5-year return | +147.1% | +95.4% |
| Volatility (ann.) | 33.1% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -49.0% | -22.8% |
| Market cap | $9.2B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 5.83% | 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 | KNTK | QQQ |
|---|---|---|
| 2022 | +14.6% | -32.6% |
| 2023 | +10.9% | +54.9% |
| 2024 | +83.1% | +25.6% |
| 2025 | -31.9% | +20.8% |
| 2026 | +59.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNTK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between KNTK and QQQ?
The KNTK/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.06, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KNTK?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: KNTK correlations · QQQ correlations
