QQQ vs ROKU: Correlation
Invesco QQQ Trust (QQQ) and Roku, Inc. (ROKU) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ROKU?
On 3 years of weekly data the QQQ/ROKU correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.58 over 3. The 5-year figure is 0.58, and annualized covariance runs at 678.8 %².
Among the 4755 assets we track against QQQ, ROKU ranks #157 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ROKU ahead by 36.2 points (+26.3% versus +62.5%). One caveat on sizing: ROKU is 3.1 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.
QQQ vs ROKU: side by side
| QQQ (Invesco QQQ Trust) | ROKU (Roku, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +62.5% |
| 5-year return | +95.4% | -56.1% |
| Volatility (ann.) | 19.6% | 59.9% |
| Beta vs S&P 500 | 1.28 | 2.49 |
| Max drawdown (3Y) | -22.8% | -51.7% |
| Market cap | – | $23.2B |
| P/E (trailing) | – | 67.1 |
| Dividend yield | 0.44% | 0.00% |
| 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 | ROKU |
|---|---|---|
| 2022 | -32.6% | -82.2% |
| 2023 | +54.9% | +125.2% |
| 2024 | +25.6% | -18.9% |
| 2025 | +20.8% | +45.9% |
| 2026 | +17.7% | +44.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ROKU good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and ROKU?
As of 2026-08-27, the correlation of weekly returns between QQQ and ROKU is 0.58 over 3 years, 0.56 over 1 year and 0.58 over 5 years.
Is ROKU a good diversifier for QQQ?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · ROKU correlations
