QQQ vs QSR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Restaurant Brands International Inc. (QSR) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QSR?
On 3 years of weekly data the QQQ/QSR correlation comes out at 0.17, weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.17 over 3. The 5-year figure is 0.29, and annualized covariance runs at 69.8 %².
By 3-year correlation, QSR places #3189 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +29.3%.
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.
QQQ vs QSR: side by side
| QQQ (Invesco QQQ Trust) | QSR (Restaurant Brands International Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +29.3% |
| 5-year return | +95.4% | +45.4% |
| Volatility (ann.) | 19.6% | 20.7% |
| Beta vs S&P 500 | 1.28 | 0.32 |
| Max drawdown (3Y) | -22.8% | -24.5% |
| Market cap | – | $35.8B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.44% | 3.20% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | QQQ | QSR |
|---|---|---|
| 2022 | -32.6% | +10.7% |
| 2023 | +54.9% | +24.6% |
| 2024 | +25.6% | -13.8% |
| 2025 | +20.8% | +8.6% |
| 2026 | +17.7% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QSR good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and QSR?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.17 over the last year and 0.29 over 5 years.
Is QSR a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-qsr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-qsr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · QSR correlations
