QQQ vs SAR: Correlation
Invesco QQQ Trust (QQQ) and Saratoga Investment Corp New (SAR) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SAR?
Across a 3-year window, the weekly returns of QQQ and SAR correlate at 0.22, weak. Little has changed lately, as the 1-year reading of 0.16 lands near the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 96.9 %².
By 3-year correlation, SAR places #2586 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 43.5 percentage points (+26.3% for QQQ against -17.2% for SAR).
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 SAR: side by side
| QQQ (Invesco QQQ Trust) | SAR (Saratoga Investment Corp New) | |
|---|---|---|
| 1-year return | +26.3% | -17.2% |
| 5-year return | +95.4% | +15.2% |
| Volatility (ann.) | 19.6% | 22.7% |
| Beta vs S&P 500 | 1.28 | 0.53 |
| Max drawdown (3Y) | -22.8% | -24.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 18.7 |
| Dividend yield | 0.44% | 16.29% |
| 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 | SAR |
|---|---|---|
| 2022 | -32.6% | -3.8% |
| 2023 | +54.9% | +12.9% |
| 2024 | +25.6% | +6.1% |
| 2025 | +20.8% | +10.4% |
| 2026 | +17.7% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SAR good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SAR?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.16 over the last year and 0.29 over 5 years.
Is SAR a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SAR correlations
