QQQ vs SGHT: Correlation
Invesco QQQ Trust (QQQ) and Sight Sciences, Inc. (SGHT) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SGHT?
Across a 3-year window, the weekly returns of QQQ and SGHT correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 629.4 %².
Among the 4755 assets we track against QQQ, SGHT ranks #1141 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SGHT ahead by 72.5 points (+26.3% versus +98.8%). One caveat on sizing: SGHT is 4.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SGHT: side by side
| QQQ (Invesco QQQ Trust) | SGHT (Sight Sciences, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +98.8% |
| 5-year return | +95.4% | -73.7% |
| Volatility (ann.) | 19.6% | 96.0% |
| Beta vs S&P 500 | 1.28 | 2.34 |
| Max drawdown (3Y) | -22.8% | -81.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SGHT |
|---|---|---|
| 2022 | -32.6% | -30.5% |
| 2023 | +54.9% | -57.7% |
| 2024 | +25.6% | -29.5% |
| 2025 | +20.8% | +117.9% |
| 2026 | +17.7% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SGHT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SGHT?
As of 2026-08-27, the correlation of weekly returns between QQQ and SGHT is 0.34 over 3 years, 0.39 over 1 year and 0.35 over 5 years.
Is SGHT a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sght.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sght/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SGHT correlations
