KTB vs QQQ: Correlation
How closely do Kontoor Brands, Inc. (KTB) 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 KTB and QQQ?
Across a 3-year window, the weekly returns of KTB and QQQ correlate at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 273.5 %².
QQQ is close to the least connected end of KTB's tracked universe, ranking #14 of 17. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.4 percentage points (+0.9% for KTB against +26.3% for QQQ). Note the risk asymmetry: KTB runs 2.3 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.
KTB vs QQQ: side by side
| KTB (Kontoor Brands, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.9% | +26.3% |
| 5-year return | +65.6% | +95.4% |
| Volatility (ann.) | 44.3% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -44.9% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 2.73% | 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 | KTB | QQQ |
|---|---|---|
| 2022 | -18.3% | -32.6% |
| 2023 | +62.6% | +54.9% |
| 2024 | +40.7% | +25.6% |
| 2025 | -26.3% | +20.8% |
| 2026 | +27.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTB and QQQ good diversifiers for each other?
Reasonably. At 0.32, KTB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KTB and QQQ?
The KTB/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.24, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KTB?
Reasonably. At 0.32, KTB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/ktb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ktb-vs-qqq/)
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Related comparisons
Hubs: KTB correlations · QQQ correlations
