QQQ vs SBET: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sharplink, Inc. (SBET) carry a correlation of 0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SBET?
Over the past 3 years, QQQ and SBET moved with a correlation of 0.07, which is near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.39) runs above the 3-year figure (0.07). Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 845.3 %².
Among the 4755 assets we track against QQQ, SBET ranks #4070 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 80.2 points (+26.3% versus -53.9%). One caveat on sizing: SBET is 31.5 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 SBET: side by side
| QQQ (Invesco QQQ Trust) | SBET (Sharplink, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -53.9% |
| 5-year return | +95.4% | -98.8% |
| Volatility (ann.) | 19.6% | 616.8% |
| Beta vs S&P 500 | 1.28 | 3.10 |
| Max drawdown (3Y) | -22.8% | -94.2% |
| Market cap | – | $1.9B |
| 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 |
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 | SBET |
|---|---|---|
| 2022 | -32.6% | -88.3% |
| 2023 | +54.9% | -51.6% |
| 2024 | +25.6% | -57.3% |
| 2025 | +20.8% | +16.4% |
| 2026 | +17.7% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SBET good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SBET?
The QQQ/SBET correlation stands at 0.07 on a 3-year window (1 year: 0.39, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is SBET a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
A reading of 0.07 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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Hubs: QQQ correlations · SBET correlations
