QQQ vs SBR: Correlation
Invesco QQQ Trust (QQQ) and Sabine Royalty Trust (SBR) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SBR?
Over the past 3 years, QQQ and SBR moved with a correlation of 0.15, which is weak. The past 12 months show a weaker link (-0.21) than the 3-year average (0.15). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 69.3 %².
Among the 4755 assets we track against QQQ, SBR ranks #3391 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 17.2 points (+26.3% versus +9.1%).
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 SBR: side by side
| QQQ (Invesco QQQ Trust) | SBR (Sabine Royalty Trust) | |
|---|---|---|
| 1-year return | +26.3% | +9.1% |
| 5-year return | +95.4% | +200.0% |
| Volatility (ann.) | 19.6% | 22.9% |
| Beta vs S&P 500 | 1.28 | 0.33 |
| Max drawdown (3Y) | -22.8% | -18.5% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 15.1 |
| Dividend yield | 0.44% | 6.55% |
| 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 | SBR |
|---|---|---|
| 2022 | -32.6% | +132.1% |
| 2023 | +54.9% | -13.1% |
| 2024 | +25.6% | +4.1% |
| 2025 | +20.8% | +14.0% |
| 2026 | +17.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SBR good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SBR?
As of 2026-08-27, the correlation of weekly returns between QQQ and SBR is 0.15 over 3 years, -0.21 over 1 year and 0.11 over 5 years.
Is SBR a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 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.
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Related comparisons
Hubs: QQQ correlations · SBR correlations
