QCOM vs QQQ: Correlation
How closely do Qualcomm (QCOM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCOM and QQQ?
On 3 years of weekly data the QCOM/QQQ correlation comes out at 0.69, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 567.8 %².
By 3-year correlation, QQQ places #5 of the 41 assets tracked against QCOM. The last year tells two different stories: QQQ led by 21.0 percentage points, +5.3% for QCOM against +26.3% for QQQ. The link looks structural: the rolling one-year correlation barely moved, holding between 0.60 and 0.84. One caveat on sizing: QCOM is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
QCOM vs QQQ: side by side
| QCOM (Qualcomm) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.3% | +26.3% |
| 5-year return | +25.8% | +95.4% |
| Volatility (ann.) | 42.4% | 19.6% |
| Beta vs S&P 500 | 1.77 | 1.28 |
| Max drawdown (3Y) | -44.2% | -22.8% |
| Market cap | $176.0B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.19% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | QCOM | QQQ |
|---|---|---|
| 2022 | -38.6% | -32.6% |
| 2023 | +35.1% | +54.9% |
| 2024 | +8.3% | +25.6% |
| 2025 | +13.8% | +20.8% |
| 2026 | -2.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.77% of QQQ is QCOM itself, so the fund partly moves with the stock by construction.
Are QCOM and QQQ good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QCOM and QQQ?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.68 over the last year and 0.69 over 5 years.
Is QQQ a good diversifier for QCOM?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/qcom-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qcom-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QCOM correlations · QQQ correlations
