QQQ vs SIG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Signet Jewelers Limited (SIG) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SIG?
On 3 years of weekly data the QQQ/SIG correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.27 over 3. The 5-year figure is 0.38, and annualized covariance runs at 253.2 %².
By 3-year correlation, SIG places #1906 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 38.0 percentage points (+26.3% for QQQ against -11.7% for SIG). One caveat on sizing: SIG is 2.4 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 SIG: side by side
| QQQ (Invesco QQQ Trust) | SIG (Signet Jewelers Limited) | |
|---|---|---|
| 1-year return | +26.3% | -11.7% |
| 5-year return | +95.4% | +8.4% |
| Volatility (ann.) | 19.6% | 47.9% |
| Beta vs S&P 500 | 1.28 | 1.19 |
| Max drawdown (3Y) | -22.8% | -57.1% |
| Market cap | – | – |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.44% | 1.56% |
| 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 | SIG |
|---|---|---|
| 2022 | -32.6% | -21.0% |
| 2023 | +54.9% | +59.6% |
| 2024 | +25.6% | -23.8% |
| 2025 | +20.8% | +4.1% |
| 2026 | +17.7% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SIG good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SIG?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.22 over the last year and 0.38 over 5 years.
Is SIG a good diversifier for QQQ?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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-sig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SIG correlations
