QQQ vs SANM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sanmina Corporation (SANM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SANM?
Across a 3-year window, the weekly returns of QQQ and SANM correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.46, with an annualized covariance of 372.8 %².
By 3-year correlation, SANM places #579 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with SANM ahead by 47.6 points (+26.3% versus +73.9%). Risk is not evenly split, since SANM carries 2.4 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 SANM: side by side
| QQQ (Invesco QQQ Trust) | SANM (Sanmina Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +73.9% |
| 5-year return | +95.4% | +410.5% |
| Volatility (ann.) | 19.6% | 46.6% |
| Beta vs S&P 500 | 1.28 | 1.34 |
| Max drawdown (3Y) | -22.8% | -42.0% |
| Market cap | – | $10.9B |
| P/E (trailing) | – | 35.6 |
| 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 | SANM |
|---|---|---|
| 2022 | -32.6% | +38.2% |
| 2023 | +54.9% | -10.3% |
| 2024 | +25.6% | +47.3% |
| 2025 | +20.8% | +98.3% |
| 2026 | +17.7% | +35.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SANM good diversifiers for each other?
Reasonably. At 0.41, QQQ and SANM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SANM?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.29 over the last year and 0.46 over 5 years.
Is SANM a good diversifier for QQQ?
Reasonably. At 0.41, QQQ and SANM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sanm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sanm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SANM correlations
