QQQ vs SCHL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Scholastic Corporation (SCHL) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SCHL?
Across a 3-year window, the weekly returns of QQQ and SCHL correlate at 0.21, weak. Lately the two have drifted apart, with the 1-year correlation at -0.10 versus 0.21 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 180.2 %².
By 3-year correlation, SCHL places #2734 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months SCHL outperformed by 28.8 percentage points (+26.3% for QQQ against +55.1% for SCHL). Risk is not evenly split, since SCHL carries 2.2 times the volatility of the other side.
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 SCHL: side by side
| QQQ (Invesco QQQ Trust) | SCHL (Scholastic Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +55.1% |
| 5-year return | +95.4% | +32.0% |
| Volatility (ann.) | 19.6% | 43.5% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -62.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.44% | 2.00% |
| 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 | SCHL |
|---|---|---|
| 2022 | -32.6% | +0.5% |
| 2023 | +54.9% | -2.5% |
| 2024 | +25.6% | -42.0% |
| 2025 | +20.8% | +44.0% |
| 2026 | +17.7% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SCHL good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SCHL?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with -0.10 over the last year and 0.22 over 5 years.
Is SCHL a good diversifier for QQQ?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-schl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-schl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SCHL correlations
