QNST vs QQQ: Correlation
How closely do QuinStreet, Inc. (QNST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNST and QQQ?
On 3 years of weekly data the QNST/QQQ correlation comes out at 0.31, moderate. The past 12 months show a tighter link (0.43) than the 3-year average (0.31). The 5-year figure is 0.26, and annualized covariance runs at 293.7 %².
Out of 15 assets tracked against QNST, QQQ lands near the bottom at #12. Their 12-month results are close: +21.4% for QNST against +26.3% for QQQ. Note the risk asymmetry: QNST runs 2.4 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.
QNST vs QQQ: side by side
| QNST (QuinStreet, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.4% | +26.3% |
| 5-year return | +6.2% | +95.4% |
| Volatility (ann.) | 47.9% | 19.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -58.0% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 0.00% | 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 | QNST | QQQ |
|---|---|---|
| 2022 | -21.1% | -32.6% |
| 2023 | -10.7% | +54.9% |
| 2024 | +80.0% | +25.6% |
| 2025 | -37.7% | +20.8% |
| 2026 | +31.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNST and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QNST and QQQ?
As of 2026-08-27, the correlation of weekly returns between QNST and QQQ is 0.31 over 3 years, 0.43 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for QNST?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/qnst-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qnst-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QNST correlations · QQQ correlations
