QQQ vs SBC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SBC Medical Group Holdings Incorporated (SBC) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SBC?
Over the past 3 years, QQQ and SBC moved with a correlation of 0.09, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.05) than the 3-year average (0.09). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 138.8 %².
Among the 4755 assets we track against QQQ, SBC ranks #3925 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 28.0 points (+26.3% versus -1.7%). Note the risk asymmetry: SBC runs 4.1 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 SBC: side by side
| QQQ (Invesco QQQ Trust) | SBC (SBC Medical Group Holdings Incorporated) | |
|---|---|---|
| 1-year return | +26.3% | -1.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 81.1% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -22.8% | -82.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 8.6 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SBC |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | +5.6% |
| 2024 | +25.6% | -48.4% |
| 2025 | +20.8% | -22.5% |
| 2026 | +17.7% | -4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SBC good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SBC?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with -0.05 over the last year and 0.07 over 5 years.
Is SBC a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 mean?
A reading of 0.09 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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[](https://www.pairbook.io/pair/qqq-vs-sbc/)
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Related comparisons
Hubs: QQQ correlations · SBC correlations
