QQQ vs SIBN: Correlation
Invesco QQQ Trust (QQQ) and SI-BONE, Inc. (SIBN) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SIBN?
On 3 years of weekly data the QQQ/SIBN correlation comes out at 0.09, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.09). The 5-year figure is 0.22, and annualized covariance runs at 95.5 %².
By 3-year correlation, SIBN places #3927 of the 4755 assets tracked against QQQ. Over the last 12 months QQQ came out ahead by 10.6 percentage points (+26.3% against +15.7%). One caveat on sizing: SIBN is 2.7 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 SIBN: side by side
| QQQ (Invesco QQQ Trust) | SIBN (SI-BONE, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +15.7% |
| 5-year return | +95.4% | -19.1% |
| Volatility (ann.) | 19.6% | 52.2% |
| Beta vs S&P 500 | 1.28 | 0.73 |
| Max drawdown (3Y) | -22.8% | -49.3% |
| Market cap | – | $0.9B |
| 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 |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SIBN |
|---|---|---|
| 2022 | -32.6% | -38.8% |
| 2023 | +54.9% | +54.3% |
| 2024 | +25.6% | -33.2% |
| 2025 | +20.8% | +40.7% |
| 2026 | +17.7% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SIBN good diversifiers for each other?
Yes. With a correlation of 0.09, QQQ and SIBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SIBN?
As of 2026-08-27, the correlation of weekly returns between QQQ and SIBN is 0.09 over 3 years, -0.02 over 1 year and 0.22 over 5 years.
Is SIBN a good diversifier for QQQ?
Yes. With a correlation of 0.09, QQQ and SIBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sibn.json
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Related comparisons
Hubs: QQQ correlations · SIBN correlations
