QQQ vs SDA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SunCar Technology Group Inc. (SDA) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SDA?
Across a 3-year window, the weekly returns of QQQ and SDA correlate at 0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.02 over 1 year against 0.01 over 3. Stretching to 5 years gives 0.05, with an annualized covariance of 24.4 %².
Among the 4755 assets we track against QQQ, SDA ranks #4443 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 97.0 percentage points (+26.3% for QQQ against -70.7% for SDA). One caveat on sizing: SDA is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SDA: side by side
| QQQ (Invesco QQQ Trust) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -70.7% |
| 5-year return | +95.4% | -92.6% |
| Volatility (ann.) | 19.6% | 84.1% |
| Beta vs S&P 500 | 1.28 | 0.35 |
| Max drawdown (3Y) | -22.8% | -95.7% |
| Market cap | – | $0.1B |
| 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 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 | SDA |
|---|---|---|
| 2022 | -32.6% | +4.3% |
| 2023 | +54.9% | -20.3% |
| 2024 | +25.6% | +17.0% |
| 2025 | +20.8% | -79.1% |
| 2026 | +17.7% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SDA good diversifiers for each other?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SDA?
As of 2026-08-27, the correlation of weekly returns between QQQ and SDA is 0.01 over 3 years, 0.02 over 1 year and 0.05 over 5 years.
Is SDA a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
What does a correlation of 0.01 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.
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Related comparisons
Hubs: QQQ correlations · SDA correlations
