QQQ vs SCD: Correlation
How closely do Invesco QQQ Trust (QQQ) and LMP Capital and Income Fund Inc. (SCD) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SCD?
Over the past 3 years, QQQ and SCD moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.57). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 194.2 %².
Among the 4755 assets we track against QQQ, SCD ranks #168 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.4 points (+26.3% versus +10.9%).
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 SCD: side by side
| QQQ (Invesco QQQ Trust) | SCD (LMP Capital and Income Fund Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +10.9% |
| 5-year return | +95.4% | +68.6% |
| Volatility (ann.) | 19.6% | 17.4% |
| Beta vs S&P 500 | 1.28 | 0.81 |
| Max drawdown (3Y) | -22.8% | -21.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 5.1 |
| Dividend yield | 0.44% | 9.25% |
| 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 | SCD |
|---|---|---|
| 2022 | -32.6% | -14.0% |
| 2023 | +54.9% | +27.9% |
| 2024 | +25.6% | +33.7% |
| 2025 | +20.8% | -5.7% |
| 2026 | +17.7% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SCD good diversifiers for each other?
Only partially. A correlation of 0.57 means QQQ and SCD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and SCD?
The QQQ/SCD correlation stands at 0.57 on a 3-year window (1 year: 0.42, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is SCD a good diversifier for QQQ?
Only partially. A correlation of 0.57 means QQQ and SCD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-scd.json
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Related comparisons
Hubs: QQQ correlations · SCD correlations
