QQQ vs SEDG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SolarEdge Technologies, Inc. (SEDG) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SEDG?
On 3 years of weekly data the QQQ/SEDG correlation comes out at 0.12, weak. The past 12 months show a weaker link (-0.06) than the 3-year average (0.12). The 5-year figure is 0.23, and annualized covariance runs at 224.9 %².
Among the 4755 assets we track against QQQ, SEDG ranks #3690 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.0 percentage points (+26.3% for QQQ against +1.3% for SEDG). Note the risk asymmetry: SEDG runs 5.1 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 SEDG: side by side
| QQQ (Invesco QQQ Trust) | SEDG (SolarEdge Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +1.3% |
| 5-year return | +95.4% | -88.7% |
| Volatility (ann.) | 19.6% | 99.4% |
| Beta vs S&P 500 | 1.28 | 0.93 |
| Max drawdown (3Y) | -22.8% | -93.7% |
| Market cap | – | $2.1B |
| 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 | SEDG |
|---|---|---|
| 2022 | -32.6% | +1.0% |
| 2023 | +54.9% | -67.0% |
| 2024 | +25.6% | -85.5% |
| 2025 | +20.8% | +112.1% |
| 2026 | +17.7% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SEDG good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SEDG?
The QQQ/SEDG correlation stands at 0.12 on a 3-year window (1 year: -0.06, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is SEDG a good diversifier for QQQ?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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-sedg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sedg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SEDG correlations
