KRO vs QQQ: Correlation
How closely do Kronos Worldwide Inc (KRO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRO and QQQ?
Across a 3-year window, the weekly returns of KRO and QQQ correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.31 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 331.0 %².
Among the 17 assets we track against KRO, QQQ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: KRO led by 19.3 percentage points, +45.6% for KRO against +26.3% for QQQ. Risk is not evenly split, since KRO carries 2.8 times the volatility of the other side.
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.
KRO vs QQQ: side by side
| KRO (Kronos Worldwide Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +45.6% | +26.3% |
| 5-year return | -15.4% | +95.4% |
| Volatility (ann.) | 55.0% | 19.6% |
| Beta vs S&P 500 | 1.47 | 1.28 |
| Max drawdown (3Y) | -68.7% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.28% | 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 | KRO | QQQ |
|---|---|---|
| 2022 | -33.7% | -32.6% |
| 2023 | +14.9% | +54.9% |
| 2024 | +2.5% | +25.6% |
| 2025 | -53.1% | +20.8% |
| 2026 | +101.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRO and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRO and QQQ?
As of 2026-08-27, the correlation of weekly returns between KRO and QQQ is 0.31 over 3 years, 0.20 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for KRO?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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: KRO correlations · QQQ correlations
