QQQ vs SFM: Correlation
Invesco QQQ Trust (QQQ) and Sprouts Farmers Market, Inc. (SFM) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SFM?
Across a 3-year window, the weekly returns of QQQ and SFM correlate at 0.10, weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.10). Stretching to 5 years gives 0.23, with an annualized covariance of 75.2 %².
Among the 4755 assets we track against QQQ, SFM ranks #3862 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 70.3 points (+26.3% versus -44.0%). Risk is not evenly split, since SFM carries 2.0 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 SFM: side by side
| QQQ (Invesco QQQ Trust) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -44.0% |
| 5-year return | +95.4% | +228.8% |
| Volatility (ann.) | 19.6% | 39.2% |
| Beta vs S&P 500 | 1.28 | 0.38 |
| Max drawdown (3Y) | -22.8% | -63.5% |
| Market cap | – | $7.6B |
| P/E (trailing) | – | 15.5 |
| 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 | SFM |
|---|---|---|
| 2022 | -32.6% | +9.1% |
| 2023 | +54.9% | +48.6% |
| 2024 | +25.6% | +164.1% |
| 2025 | +20.8% | -37.3% |
| 2026 | +17.7% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SFM good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SFM?
As of 2026-08-27, the correlation of weekly returns between QQQ and SFM is 0.10 over 3 years, -0.04 over 1 year and 0.23 over 5 years.
Is SFM a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
A reading of 0.10 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 · SFM correlations
