KO vs QQQ: Correlation
Measured on weekly returns over the past three years, Coca-Cola Company (The) (KO) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and QQQ?
Across a 3-year window, the weekly returns of KO and QQQ correlate at -0.01, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.18 versus -0.01 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of -3.8 %².
Among the 43 assets we track against KO, QQQ ranks #28 by 3-year correlation. Over the last 12 months KO came out ahead by 6.8 percentage points (+33.1% against +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.22 to 0.36.
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.
KO vs QQQ: side by side
| KO (Coca-Cola Company (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.1% | +26.3% |
| 5-year return | +83.8% | +95.4% |
| Volatility (ann.) | 15.4% | 19.6% |
| Beta vs S&P 500 | 0.11 | 1.28 |
| Max drawdown (3Y) | -15.5% | -22.8% |
| Market cap | $383.2B | – |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 2.31% | 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 | KO | QQQ |
|---|---|---|
| 2022 | +10.6% | -32.6% |
| 2023 | -4.4% | +54.9% |
| 2024 | +8.9% | +25.6% |
| 2025 | +15.6% | +20.8% |
| 2026 | +29.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and QQQ good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KO and QQQ?
As of 2026-08-27, the correlation of weekly returns between KO and QQQ is -0.01 over 3 years, -0.18 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for KO?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 mean?
On the −1 to +1 scale, -0.01 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ko-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ko-vs-qqq/)
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Related comparisons
Hubs: KO correlations · QQQ correlations
