QQQ vs SGU: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Star Group L.P. (SGU) carry a correlation of 0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SGU?
Across a 3-year window, the weekly returns of QQQ and SGU correlate at 0.07, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.00) sits close to the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 29.4 %².
Among the 4755 assets we track against QQQ, SGU ranks #4072 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +14.6%, a 11.7-point spread.
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 SGU: side by side
| QQQ (Invesco QQQ Trust) | SGU (Star Group L.P.) | |
|---|---|---|
| 1-year return | +26.3% | +14.6% |
| 5-year return | +95.4% | +58.3% |
| Volatility (ann.) | 19.6% | 22.6% |
| Beta vs S&P 500 | 1.28 | 0.18 |
| Max drawdown (3Y) | -22.8% | -27.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 5.6 |
| Dividend yield | 0.44% | 6.09% |
| 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 | SGU |
|---|---|---|
| 2022 | -32.6% | +18.9% |
| 2023 | +54.9% | +0.7% |
| 2024 | +25.6% | +6.3% |
| 2025 | +20.8% | +9.0% |
| 2026 | +17.7% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SGU good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SGU?
Using weekly returns as of 2026-08-27: 0.07 over 3 years, with -0.00 over the last year and 0.13 over 5 years.
Is SGU a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 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.
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Related comparisons
Hubs: QQQ correlations · SGU correlations
