QQQ vs SENEB: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Seneca Foods Corp. (SENEB) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SENEB?
Over the past 3 years, QQQ and SENEB moved with a correlation of 0.06, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is 39.3 %².
Within QQQ's tracked universe of 4755 assets, SENEB comes in at #4138 by 3-year correlation. The last year tells two different stories: SENEB led by 46.6 percentage points, +26.3% for QQQ against +72.9% for SENEB. Note the risk asymmetry: SENEB 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 SENEB: side by side
| QQQ (Invesco QQQ Trust) | SENEB (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | +26.3% | +72.9% |
| 5-year return | +95.4% | +292.8% |
| Volatility (ann.) | 19.6% | 33.7% |
| Beta vs S&P 500 | 1.28 | 0.14 |
| Max drawdown (3Y) | -22.8% | -22.4% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SENEB |
|---|---|---|
| 2022 | -32.6% | +28.5% |
| 2023 | +54.9% | -14.7% |
| 2024 | +25.6% | +53.7% |
| 2025 | +20.8% | +38.0% |
| 2026 | +17.7% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SENEB good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SENEB?
As of 2026-08-27, the correlation of weekly returns between QQQ and SENEB is 0.06 over 3 years, 0.05 over 1 year and -0.04 over 5 years.
Is SENEB a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 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
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Related comparisons
Hubs: QQQ correlations · SENEB correlations
