QQQ vs SAH: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sonic Automotive, Inc. (SAH) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SAH?
On 3 years of weekly data the QQQ/SAH correlation comes out at 0.26, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.26). The 5-year figure is 0.30, and annualized covariance runs at 209.0 %².
Among the 4755 assets we track against QQQ, SAH ranks #2037 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 30.5 percentage points (+26.3% for QQQ against -4.2% for SAH). Note the risk asymmetry: SAH runs 2.1 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.
QQQ vs SAH: side by side
| QQQ (Invesco QQQ Trust) | SAH (Sonic Automotive, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -4.2% |
| 5-year return | +95.4% | +73.6% |
| Volatility (ann.) | 19.6% | 40.3% |
| Beta vs S&P 500 | 1.28 | 0.91 |
| Max drawdown (3Y) | -22.8% | -33.6% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.44% | 1.99% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SAH |
|---|---|---|
| 2022 | -32.6% | +1.9% |
| 2023 | +54.9% | +16.7% |
| 2024 | +25.6% | +15.2% |
| 2025 | +20.8% | -0.3% |
| 2026 | +17.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SAH good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SAH?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.09 over the last year and 0.30 over 5 years.
Is SAH a good diversifier for QQQ?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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-sah.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sah/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SAH correlations
