QQQ vs SIFY: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sify Technologies Limited - American Depository Shares (SIFY) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SIFY?
Across a 3-year window, the weekly returns of QQQ and SIFY correlate at 0.09, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.28 versus 0.09 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 140.0 %².
By 3-year correlation, SIFY places #3929 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months SIFY outperformed by 28.6 percentage points (+26.3% for QQQ against +54.9% for SIFY). One caveat on sizing: SIFY is 4.0 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 SIFY: side by side
| QQQ (Invesco QQQ Trust) | SIFY (Sify Technologies Limited - American Depository Shares) | |
|---|---|---|
| 1-year return | +26.3% | +54.9% |
| 5-year return | +95.4% | -31.9% |
| Volatility (ann.) | 19.6% | 78.4% |
| Beta vs S&P 500 | 1.28 | 0.48 |
| Max drawdown (3Y) | -22.8% | -85.6% |
| Market cap | – | $1.1B |
| 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, 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 | SIFY |
|---|---|---|
| 2022 | -32.6% | -64.4% |
| 2023 | +54.9% | +62.6% |
| 2024 | +25.6% | -74.5% |
| 2025 | +20.8% | +326.2% |
| 2026 | +17.7% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SIFY good diversifiers for each other?
Yes. With a correlation of 0.09, QQQ and SIFY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SIFY?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with 0.28 over the last year and 0.22 over 5 years.
Is SIFY a good diversifier for QQQ?
Yes. With a correlation of 0.09, QQQ and SIFY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
A reading of 0.09 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sify.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: QQQ correlations · SIFY correlations
