QQQ vs SGMT: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sagimet Biosciences Inc. - Series A (SGMT) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SGMT?
Across a 3-year window, the weekly returns of QQQ and SGMT correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 807.9 %².
By 3-year correlation, SGMT places #1229 of the 4755 assets tracked against QQQ. On 12-month performance SGMT holds a 11.9-point edge, +26.3% against +38.2%. Note the risk asymmetry: SGMT runs 6.4 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 SGMT: side by side
| QQQ (Invesco QQQ Trust) | SGMT (Sagimet Biosciences Inc. - Series A) | |
|---|---|---|
| 1-year return | +26.3% | +38.2% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 126.2% |
| Beta vs S&P 500 | 1.28 | 3.24 |
| Max drawdown (3Y) | -22.8% | -89.7% |
| Market cap | – | $0.7B |
| 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 |
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 | SGMT |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -17.0% |
| 2025 | +20.8% | +31.6% |
| 2026 | +17.7% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SGMT good diversifiers for each other?
Reasonably. At 0.33, QQQ and SGMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SGMT?
As of 2026-08-27, the correlation of weekly returns between QQQ and SGMT is 0.33 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is SGMT a good diversifier for QQQ?
Reasonably. At 0.33, QQQ and SGMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-sgmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sgmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SGMT correlations
