QQQ vs SEB: Correlation
How closely do Invesco QQQ Trust (QQQ) and Seaboard Corporation (SEB) trade together? Their weekly returns over three years give a correlation of -0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SEB?
Across a 3-year window, the weekly returns of QQQ and SEB correlate at -0.09, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.09). Stretching to 5 years gives 0.05, with an annualized covariance of -58.5 %².
By 3-year correlation, SEB places #4710 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 21.5 points (+26.3% versus +4.8%). Note the risk asymmetry: SEB runs 1.7 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 SEB: side by side
| QQQ (Invesco QQQ Trust) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +4.8% |
| 5-year return | +95.4% | -4.5% |
| Volatility (ann.) | 19.6% | 32.8% |
| Beta vs S&P 500 | 1.28 | -0.07 |
| Max drawdown (3Y) | -22.8% | -37.7% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.44% | 0.22% |
| 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 | SEB |
|---|---|---|
| 2022 | -32.6% | -3.8% |
| 2023 | +54.9% | -5.2% |
| 2024 | +25.6% | -31.7% |
| 2025 | +20.8% | +83.5% |
| 2026 | +17.7% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SEB good diversifiers for each other?
By historical standards, yes. A correlation of -0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SEB?
As of 2026-08-27, the correlation of weekly returns between QQQ and SEB is -0.09 over 3 years, -0.32 over 1 year and 0.05 over 5 years.
Is SEB a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.09 means the two rarely move for the same reasons.
What does a correlation of -0.09 mean?
On the −1 to +1 scale, -0.09 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SEB correlations
