QQQ vs SGHC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Super Group (SGHC) Limited (SGHC) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SGHC?
Across a 3-year window, the weekly returns of QQQ and SGHC correlate at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.29 over 3 years. Stretching to 5 years gives 0.29, with an annualized covariance of 283.9 %².
Within QQQ's tracked universe of 4755 assets, SGHC comes in at #1655 by 3-year correlation. Over the last 12 months QQQ came out ahead by 11.4 percentage points (+26.3% against +14.9%). Note the risk asymmetry: SGHC runs 2.5 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 SGHC: side by side
| QQQ (Invesco QQQ Trust) | SGHC (Super Group (SGHC) Limited) | |
|---|---|---|
| 1-year return | +26.3% | +14.9% |
| 5-year return | +95.4% | +49.1% |
| Volatility (ann.) | 19.6% | 49.2% |
| Beta vs S&P 500 | 1.28 | 1.19 |
| Max drawdown (3Y) | -22.8% | -39.5% |
| Market cap | – | $7.0B |
| P/E (trailing) | – | 19.2 |
| Dividend yield | 0.44% | 1.22% |
| 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 | SGHC |
|---|---|---|
| 2022 | -32.6% | -69.8% |
| 2023 | +54.9% | +5.7% |
| 2024 | +25.6% | +107.7% |
| 2025 | +20.8% | +93.7% |
| 2026 | +17.7% | +16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SGHC good diversifiers for each other?
Reasonably. At 0.29, QQQ and SGHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SGHC?
The QQQ/SGHC correlation stands at 0.29 on a 3-year window (1 year: -0.07, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is SGHC a good diversifier for QQQ?
Reasonably. At 0.29, QQQ and SGHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-sghc/)
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Related comparisons
Hubs: QQQ correlations · SGHC correlations
