KRNT vs QQQ: Correlation
Measured on weekly returns over the past three years, Kornit Digital Ltd. (KRNT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNT and QQQ?
On 3 years of weekly data the KRNT/QQQ correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.51). The 5-year figure is 0.57, and annualized covariance runs at 534.0 %².
Among the 12 assets we track against KRNT, QQQ sits near the bottom by co-movement, at rank #8. The trailing year gives QQQ the advantage: +12.1% versus +26.3%, a 14.2-point spread. Note the risk asymmetry: KRNT runs 2.7 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.
KRNT vs QQQ: side by side
| KRNT (Kornit Digital Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.1% | +26.3% |
| 5-year return | -87.2% | +95.4% |
| Volatility (ann.) | 53.2% | 19.6% |
| Beta vs S&P 500 | 2.06 | 1.28 |
| Max drawdown (3Y) | -62.6% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| 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 | KRNT | QQQ |
|---|---|---|
| 2022 | -84.9% | -32.6% |
| 2023 | -16.6% | +54.9% |
| 2024 | +61.5% | +25.6% |
| 2025 | -53.5% | +20.8% |
| 2026 | +17.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNT and QQQ good diversifiers for each other?
Only partially. A correlation of 0.51 means KRNT and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KRNT and QQQ?
As of 2026-08-27, the correlation of weekly returns between KRNT and QQQ is 0.51 over 3 years, 0.38 over 1 year and 0.57 over 5 years.
Is QQQ a good diversifier for KRNT?
Only partially. A correlation of 0.51 means KRNT and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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
$ curl https://www.pairbook.io/api/v1/pairs/krnt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/krnt-vs-qqq/)
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Related comparisons
Hubs: KRNT correlations · QQQ correlations
