QQQ vs SDGR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Schrodinger, Inc. (SDGR) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SDGR?
Over the past 3 years, QQQ and SDGR moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 483.1 %².
Among the 4755 assets we track against QQQ, SDGR ranks #495 by 3-year correlation. The last year tells two different stories: QQQ led by 23.2 percentage points, +26.3% for QQQ against +3.1% for SDGR. Risk is not evenly split, since SDGR carries 2.9 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 SDGR: side by side
| QQQ (Invesco QQQ Trust) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +3.1% |
| 5-year return | +95.4% | -65.2% |
| Volatility (ann.) | 19.6% | 57.7% |
| Beta vs S&P 500 | 1.28 | 1.91 |
| Max drawdown (3Y) | -22.8% | -70.2% |
| Market cap | – | $1.5B |
| 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 | SDGR |
|---|---|---|
| 2022 | -32.6% | -46.3% |
| 2023 | +54.9% | +91.5% |
| 2024 | +25.6% | -46.1% |
| 2025 | +20.8% | -7.3% |
| 2026 | +17.7% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SDGR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SDGR?
As of 2026-08-27, the correlation of weekly returns between QQQ and SDGR is 0.43 over 3 years, 0.50 over 1 year and 0.49 over 5 years.
Is SDGR a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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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Hubs: QQQ correlations · SDGR correlations
