KRT vs QQQ: Correlation
How closely do Karat Packaging Inc. (KRT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRT and QQQ?
Across a 3-year window, the weekly returns of KRT and QQQ correlate at 0.32, moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.32). Stretching to 5 years gives 0.24, with an annualized covariance of 251.4 %².
Among the 12 assets we track against KRT, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: KRT led by 83.6 percentage points, +109.9% for KRT against +26.3% for QQQ. Risk is not evenly split, since KRT carries 2.1 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.
KRT vs QQQ: side by side
| KRT (Karat Packaging Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +109.9% | +26.3% |
| 5-year return | +172.9% | +95.4% |
| Volatility (ann.) | 40.5% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -34.0% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 3.65% | 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 | KRT | QQQ |
|---|---|---|
| 2022 | -27.1% | -32.6% |
| 2023 | +82.2% | +54.9% |
| 2024 | +28.8% | +25.6% |
| 2025 | -20.1% | +20.8% |
| 2026 | +130.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KRT and QQQ?
The KRT/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.06, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KRT?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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: KRT correlations · QQQ correlations
