QQQ vs SGRY: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Surgery Partners, Inc. (SGRY) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SGRY?
Across a 3-year window, the weekly returns of QQQ and SGRY correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 294.3 %².
Among the 4755 assets we track against QQQ, SGRY ranks #1656 by 3-year correlation. The last year tells two different stories: QQQ led by 65.3 percentage points, +26.3% for QQQ against -39.0% for SGRY. One caveat on sizing: SGRY is 2.6 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 SGRY: side by side
| QQQ (Invesco QQQ Trust) | SGRY (Surgery Partners, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -39.0% |
| 5-year return | +95.4% | -71.6% |
| Volatility (ann.) | 19.6% | 51.2% |
| Beta vs S&P 500 | 1.28 | 1.30 |
| Max drawdown (3Y) | -22.8% | -69.3% |
| Market cap | – | $1.8B |
| 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 | SGRY |
|---|---|---|
| 2022 | -32.6% | -47.8% |
| 2023 | +54.9% | +14.8% |
| 2024 | +25.6% | -33.8% |
| 2025 | +20.8% | -27.0% |
| 2026 | +17.7% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SGRY good diversifiers for each other?
Reasonably. At 0.29, QQQ and SGRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SGRY?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.28 over the last year and 0.43 over 5 years.
Is SGRY a good diversifier for QQQ?
Reasonably. At 0.29, QQQ and SGRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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-sgry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sgry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SGRY correlations
