QQQ vs SCHW: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Charles Schwab Corporation (SCHW) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SCHW?
On 3 years of weekly data the QQQ/SCHW correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.37). The 5-year figure is 0.41, and annualized covariance runs at 200.8 %².
Within QQQ's tracked universe of 4755 assets, SCHW comes in at #870 by 3-year correlation. Over the last 12 months QQQ came out ahead by 13.3 percentage points (+26.3% against +13.0%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.08 to 0.72.
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 SCHW: side by side
| QQQ (Invesco QQQ Trust) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +13.0% |
| 5-year return | +95.4% | +57.3% |
| Volatility (ann.) | 19.6% | 27.8% |
| Beta vs S&P 500 | 1.28 | 0.93 |
| Max drawdown (3Y) | -22.8% | -21.4% |
| Market cap | – | $186.9B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.44% | 1.08% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | SCHW |
|---|---|---|
| 2022 | -32.6% | +0.1% |
| 2023 | +54.9% | -16.0% |
| 2024 | +25.6% | +9.2% |
| 2025 | +20.8% | +36.6% |
| 2026 | +17.7% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SCHW good diversifiers for each other?
Reasonably. At 0.37, QQQ and SCHW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SCHW?
As of 2026-08-27, the correlation of weekly returns between QQQ and SCHW is 0.37 over 3 years, 0.10 over 1 year and 0.41 over 5 years.
Is SCHW a good diversifier for QQQ?
Reasonably. At 0.37, QQQ and SCHW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SCHW correlations
