QQQ vs SBFM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sunshine Biopharma Inc. (SBFM) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SBFM?
Across a 3-year window, the weekly returns of QQQ and SBFM correlate at 0.17, weak. Recent behaviour matches the longer record: 0.12 over 1 year against 0.17 over 3. Stretching to 5 years gives 0.07, with an annualized covariance of 400.3 %².
By 3-year correlation, SBFM places #3193 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 117.7 percentage points, +26.3% for QQQ against -91.4% for SBFM. One caveat on sizing: SBFM is 6.3 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 SBFM: side by side
| QQQ (Invesco QQQ Trust) | SBFM (Sunshine Biopharma Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -91.4% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 123.8% |
| Beta vs S&P 500 | 1.28 | 1.40 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| 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 | SBFM |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -57.5% |
| 2024 | +25.6% | -99.4% |
| 2025 | +20.8% | -59.0% |
| 2026 | +17.7% | -89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SBFM good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SBFM?
As of 2026-08-27, the correlation of weekly returns between QQQ and SBFM is 0.17 over 3 years, 0.12 over 1 year and 0.07 over 5 years.
Is SBFM a good diversifier for QQQ?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 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-sbfm.json
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Related comparisons
Hubs: QQQ correlations · SBFM correlations
