QQQ vs SANG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sangoma Technologies Corporation (SANG) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SANG?
Over the past 3 years, QQQ and SANG moved with a correlation of 0.21, which is weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.21 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 174.4 %².
By 3-year correlation, SANG places #2733 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 62.2 percentage points, +26.3% for QQQ against -35.9% for SANG. Risk is not evenly split, since SANG carries 2.2 times the volatility of the other side.
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 SANG: side by side
| QQQ (Invesco QQQ Trust) | SANG (Sangoma Technologies Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -35.9% |
| 5-year return | +95.4% | -78.8% |
| Volatility (ann.) | 19.6% | 42.3% |
| Beta vs S&P 500 | 1.28 | 0.77 |
| Max drawdown (3Y) | -22.8% | -55.6% |
| Market cap | – | $0.1B |
| 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 | SANG |
|---|---|---|
| 2022 | -32.6% | -71.2% |
| 2023 | +54.9% | -34.0% |
| 2024 | +25.6% | +123.1% |
| 2025 | +20.8% | -29.0% |
| 2026 | +17.7% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SANG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SANG?
As of 2026-08-27, the correlation of weekly returns between QQQ and SANG is 0.21 over 3 years, 0.30 over 1 year and 0.34 over 5 years.
Is SANG a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 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-sang.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sang/)
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Related comparisons
Hubs: QQQ correlations · SANG correlations
