QQQ vs SAIH: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SAIHEAT Limited - Class A (SAIH) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SAIH?
On 3 years of weekly data the QQQ/SAIH correlation comes out at 0.22, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. The 5-year figure is 0.10, and annualized covariance runs at 477.0 %².
Among the 4755 assets we track against QQQ, SAIH ranks #2584 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SAIH ahead by 260.2 points (+26.3% versus +286.5%). One caveat on sizing: SAIH is 5.8 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 SAIH: side by side
| QQQ (Invesco QQQ Trust) | SAIH (SAIHEAT Limited - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +286.5% |
| 5-year return | +95.4% | -83.7% |
| Volatility (ann.) | 19.6% | 112.8% |
| Beta vs S&P 500 | 1.28 | 2.00 |
| Max drawdown (3Y) | -22.8% | -85.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | SAIH |
|---|---|---|
| 2022 | -32.6% | -79.6% |
| 2023 | +54.9% | -40.8% |
| 2024 | +25.6% | -35.3% |
| 2025 | +20.8% | -20.3% |
| 2026 | +17.7% | +158.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SAIH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SAIH?
The QQQ/SAIH correlation stands at 0.22 on a 3-year window (1 year: 0.25, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is SAIH a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 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-saih.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-saih/)
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Related comparisons
Hubs: QQQ correlations · SAIH correlations
