QQQ vs SCM: Correlation
Invesco QQQ Trust (QQQ) and Stellus Capital Investment Corporation (SCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SCM?
Over the past 3 years, QQQ and SCM moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 159.2 %².
Within QQQ's tracked universe of 4755 assets, SCM comes in at #1224 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 59.0 percentage points (+26.3% for QQQ against -32.7% for SCM).
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 SCM: side by side
| QQQ (Invesco QQQ Trust) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -32.7% |
| 5-year return | +95.4% | +16.7% |
| Volatility (ann.) | 19.6% | 24.4% |
| Beta vs S&P 500 | 1.28 | 0.68 |
| Max drawdown (3Y) | -22.8% | -47.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.44% | 17.12% |
| 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 | SCM |
|---|---|---|
| 2022 | -32.6% | +12.9% |
| 2023 | +54.9% | +8.7% |
| 2024 | +25.6% | +20.3% |
| 2025 | +20.8% | +3.7% |
| 2026 | +17.7% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SCM good diversifiers for each other?
Reasonably. At 0.33, QQQ and SCM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SCM?
As of 2026-08-27, the correlation of weekly returns between QQQ and SCM is 0.33 over 3 years, 0.43 over 1 year and 0.34 over 5 years.
Is SCM a good diversifier for QQQ?
Reasonably. At 0.33, QQQ and SCM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SCM correlations
