QQQ vs SHO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sunstone Hotel Investors, Inc. (SHO) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SHO?
Across a 3-year window, the weekly returns of QQQ and SHO correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.41 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 186.8 %².
By 3-year correlation, SHO places #580 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +21.4%.
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 SHO: side by side
| QQQ (Invesco QQQ Trust) | SHO (Sunstone Hotel Investors, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +21.4% |
| 5-year return | +95.4% | +10.7% |
| Volatility (ann.) | 19.6% | 23.4% |
| Beta vs S&P 500 | 1.28 | 0.76 |
| Max drawdown (3Y) | -22.8% | -36.6% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | 50.9 |
| Dividend yield | 0.44% | 3.21% |
| 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 | SHO |
|---|---|---|
| 2022 | -32.6% | -16.8% |
| 2023 | +54.9% | +14.4% |
| 2024 | +25.6% | +13.9% |
| 2025 | +20.8% | -21.5% |
| 2026 | +17.7% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SHO good diversifiers for each other?
Reasonably. At 0.41, QQQ and SHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SHO?
The QQQ/SHO correlation stands at 0.41 on a 3-year window (1 year: 0.03, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is SHO a good diversifier for QQQ?
Reasonably. At 0.41, QQQ and SHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: QQQ correlations · SHO correlations
