QQQ vs SHIP: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Seanergy Maritime Holdings Corp. (SHIP) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SHIP?
On 3 years of weekly data the QQQ/SHIP correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 275.2 %².
Within QQQ's tracked universe of 4755 assets, SHIP comes in at #1532 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SHIP outperformed by 106.1 percentage points (+26.3% for QQQ against +132.4% for SHIP). Risk is not evenly split, since SHIP carries 2.4 times the volatility of the other side.
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 SHIP: side by side
| QQQ (Invesco QQQ Trust) | SHIP (Seanergy Maritime Holdings Corp.) | |
|---|---|---|
| 1-year return | +26.3% | +132.4% |
| 5-year return | +95.4% | +91.7% |
| Volatility (ann.) | 19.6% | 46.6% |
| Beta vs S&P 500 | 1.28 | 1.11 |
| Max drawdown (3Y) | -22.8% | -57.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 6.1 |
| Dividend yield | 0.44% | 5.17% |
| 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 | SHIP |
|---|---|---|
| 2022 | -32.6% | -36.1% |
| 2023 | +54.9% | +59.6% |
| 2024 | +25.6% | -3.6% |
| 2025 | +20.8% | +38.5% |
| 2026 | +17.7% | +97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SHIP good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SHIP?
As of 2026-08-27, the correlation of weekly returns between QQQ and SHIP is 0.30 over 3 years, 0.28 over 1 year and 0.14 over 5 years.
Is SHIP a good diversifier for QQQ?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-ship.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-ship/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SHIP correlations
