QQQ vs SFL: Correlation
How closely do Invesco QQQ Trust (QQQ) and SFL Corporation Ltd (SFL) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SFL?
On 3 years of weekly data the QQQ/SFL correlation comes out at 0.23, weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.23). The 5-year figure is 0.19, and annualized covariance runs at 123.3 %².
Among the 4755 assets we track against QQQ, SFL ranks #2441 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SFL ahead by 29.1 points (+26.3% versus +55.4%).
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 SFL: side by side
| QQQ (Invesco QQQ Trust) | SFL (SFL Corporation Ltd) | |
|---|---|---|
| 1-year return | +26.3% | +55.4% |
| 5-year return | +95.4% | +130.7% |
| Volatility (ann.) | 19.6% | 28.0% |
| Beta vs S&P 500 | 1.28 | 0.53 |
| Max drawdown (3Y) | -22.8% | -46.4% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 25.2 |
| Dividend yield | 0.44% | 3.33% |
| 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 | SFL |
|---|---|---|
| 2022 | -32.6% | +23.5% |
| 2023 | +54.9% | +34.5% |
| 2024 | +25.6% | -0.8% |
| 2025 | +20.8% | -18.6% |
| 2026 | +17.7% | +64.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SFL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SFL?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.03 over the last year and 0.19 over 5 years.
Is SFL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · SFL correlations
