QQQ vs SGA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Saga Communications, Inc. (SGA) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SGA?
On 3 years of weekly data the QQQ/SGA correlation comes out at 0.16, weak. Recent behaviour matches the longer record: 0.14 over 1 year against 0.16 over 3. The 5-year figure is 0.08, and annualized covariance runs at 97.9 %².
By 3-year correlation, SGA places #3284 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.6 points (+26.3% versus -23.3%). Note the risk asymmetry: SGA runs 1.6 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 SGA: side by side
| QQQ (Invesco QQQ Trust) | SGA (Saga Communications, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -23.3% |
| 5-year return | +95.4% | -34.9% |
| Volatility (ann.) | 19.6% | 30.7% |
| Beta vs S&P 500 | 1.28 | 0.43 |
| Max drawdown (3Y) | -22.8% | -58.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 10.95% |
| 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 | SGA |
|---|---|---|
| 2022 | -32.6% | +16.8% |
| 2023 | +54.9% | +6.8% |
| 2024 | +25.6% | -45.9% |
| 2025 | +20.8% | +12.4% |
| 2026 | +17.7% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SGA good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SGA?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.14 over the last year and 0.08 over 5 years.
Is SGA a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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.
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Related comparisons
Hubs: QQQ correlations · SGA correlations
