KVUE vs QQQ: Correlation
Kenvue (KVUE) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and QQQ?
Across a 3-year window, the weekly returns of KVUE and QQQ correlate at -0.02, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.22) than the 3-year average (-0.02). Stretching to 5 years gives n/a, with an annualized covariance of -11.8 %².
Within KVUE's tracked universe of 34 assets, QQQ comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 29.3 percentage points (-3.0% for KVUE against +26.3% for QQQ). The rolling one-year correlation moved between -0.23 and 0.25 over the past three years, a moderate range.
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.
KVUE vs QQQ: side by side
| KVUE (Kenvue) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 27.3% | 19.6% |
| Beta vs S&P 500 | 0.16 | 1.28 |
| Max drawdown (3Y) | -41.2% | -22.8% |
| Market cap | $36.9B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 4.32% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | KVUE | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +3.1% | +25.6% |
| 2025 | -15.9% | +20.8% |
| 2026 | +15.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between KVUE and QQQ?
The KVUE/QQQ correlation stands at -0.02 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KVUE?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
On the −1 to +1 scale, -0.02 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
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Related comparisons
Hubs: KVUE correlations · QQQ correlations
