KSS vs QQQ: Correlation
Measured on weekly returns over the past three years, Kohl's Corporation (KSS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KSS and QQQ?
Across a 3-year window, the weekly returns of KSS and QQQ correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.30 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 416.8 %².
Out of 14 assets tracked against KSS, QQQ lands near the bottom at #10. On 12-month performance QQQ holds a 10.6-point edge, +15.7% against +26.3%. Note the risk asymmetry: KSS runs 3.6 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.
KSS vs QQQ: side by side
| KSS (Kohl's Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.7% | +26.3% |
| 5-year return | -57.2% | +95.4% |
| Volatility (ann.) | 71.1% | 19.6% |
| Beta vs S&P 500 | 1.76 | 1.28 |
| Max drawdown (3Y) | -77.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 2.79% | 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 | KSS | QQQ |
|---|---|---|
| 2022 | -46.0% | -32.6% |
| 2023 | +23.8% | +54.9% |
| 2024 | -45.8% | +25.6% |
| 2025 | +51.5% | +20.8% |
| 2026 | -9.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KSS and QQQ good diversifiers for each other?
Reasonably. At 0.30, KSS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KSS and QQQ?
The KSS/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.30, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KSS?
Reasonably. At 0.30, KSS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: KSS correlations · QQQ correlations
