KRG vs QQQ: Correlation
Kite Realty Group Trust (KRG) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and QQQ?
Over the past 3 years, KRG and QQQ moved with a correlation of 0.23, which is weak. The past 12 months show a weaker link (-0.03) than the 3-year average (0.23). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 95.3 %².
Among the 21 assets we track against KRG, QQQ sits near the bottom by co-movement, at rank #18. The trailing year gives QQQ the advantage: +20.7% versus +26.3%, a 5.6-point spread.
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.
KRG vs QQQ: side by side
| KRG (Kite Realty Group Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.7% | +26.3% |
| 5-year return | +61.5% | +95.4% |
| Volatility (ann.) | 21.6% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -29.1% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 4.34% | 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 | KRG | QQQ |
|---|---|---|
| 2022 | +0.8% | -32.6% |
| 2023 | +13.6% | +54.9% |
| 2024 | +15.5% | +25.6% |
| 2025 | -0.2% | +20.8% |
| 2026 | +12.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and QQQ good diversifiers for each other?
Reasonably. At 0.23, KRG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KRG and QQQ?
The KRG/QQQ correlation stands at 0.23 on a 3-year window (1 year: -0.03, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KRG?
Reasonably. At 0.23, KRG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: KRG correlations · QQQ correlations
