KRNY vs QQQ: Correlation
Kearny Financial (KRNY) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNY and QQQ?
On 3 years of weekly data the KRNY/QQQ correlation comes out at 0.21, weak. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.21 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 136.0 %².
Out of 11 assets tracked against KRNY, QQQ lands near the bottom at #8. The last year tells two different stories: KRNY led by 33.9 percentage points, +60.2% for KRNY against +26.3% for QQQ. One caveat on sizing: KRNY is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KRNY vs QQQ: side by side
| KRNY (Kearny Financial) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +60.2% | +26.3% |
| 5-year return | +2.4% | +95.4% |
| Volatility (ann.) | 33.5% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -41.5% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 4.47% | 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 | KRNY | QQQ |
|---|---|---|
| 2022 | -20.4% | -32.6% |
| 2023 | -6.7% | +54.9% |
| 2024 | -15.5% | +25.6% |
| 2025 | +12.0% | +20.8% |
| 2026 | +40.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNY and QQQ good diversifiers for each other?
Reasonably. At 0.21, KRNY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KRNY and QQQ?
As of 2026-08-27, the correlation of weekly returns between KRNY and QQQ is 0.21 over 3 years, -0.06 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for KRNY?
Reasonably. At 0.21, KRNY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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/krny-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/krny-vs-qqq/)
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Related comparisons
Hubs: KRNY correlations · QQQ correlations
