QQQ vs SCLX: Correlation
How closely do Invesco QQQ Trust (QQQ) and Scilex Holding Company (SCLX) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SCLX?
Over the past 3 years, QQQ and SCLX moved with a correlation of 0.15, which is weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.15 over 3. Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 371.5 %².
Within QQQ's tracked universe of 4755 assets, SCLX comes in at #3392 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 76.7 percentage points (+26.3% for QQQ against -50.4% for SCLX). Note the risk asymmetry: SCLX runs 6.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SCLX: side by side
| QQQ (Invesco QQQ Trust) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | +26.3% | -50.4% |
| 5-year return | +95.4% | -97.4% |
| Volatility (ann.) | 19.6% | 125.7% |
| Beta vs S&P 500 | 1.28 | 1.06 |
| Max drawdown (3Y) | -22.8% | -96.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | SCLX |
|---|---|---|
| 2022 | -32.6% | -60.3% |
| 2023 | +54.9% | -48.9% |
| 2024 | +25.6% | -79.1% |
| 2025 | +20.8% | -18.2% |
| 2026 | +17.7% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SCLX good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SCLX?
The QQQ/SCLX correlation stands at 0.15 on a 3-year window (1 year: 0.22, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is SCLX a good diversifier for QQQ?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
A reading of 0.15 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-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SCLX correlations
