QQQ vs SBRA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sabra Health Care REIT, Inc. (SBRA) carry a correlation of 0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SBRA?
On 3 years of weekly data the QQQ/SBRA correlation comes out at 0.03, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.11 versus 0.03 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 14.2 %².
Among the 4755 assets we track against QQQ, SBRA ranks #4337 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +12.1%, a 14.2-point spread.
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 SBRA: side by side
| QQQ (Invesco QQQ Trust) | SBRA (Sabra Health Care REIT, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +12.1% |
| 5-year return | +95.4% | +92.8% |
| Volatility (ann.) | 19.6% | 20.8% |
| Beta vs S&P 500 | 1.28 | 0.19 |
| Max drawdown (3Y) | -22.8% | -16.8% |
| Market cap | – | $5.3B |
| P/E (trailing) | – | 79.6 |
| Dividend yield | 0.44% | 5.71% |
| 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 | SBRA |
|---|---|---|
| 2022 | -32.6% | +0.4% |
| 2023 | +54.9% | +26.3% |
| 2024 | +25.6% | +31.2% |
| 2025 | +20.8% | +17.0% |
| 2026 | +17.7% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SBRA good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SBRA?
As of 2026-08-27, the correlation of weekly returns between QQQ and SBRA is 0.03 over 3 years, -0.11 over 1 year and 0.20 over 5 years.
Is SBRA a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 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-sbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sbra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SBRA correlations
