QQQ vs SII: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sprott Inc. (SII) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SII?
Over the past 3 years, QQQ and SII moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 239.6 %².
Among the 4755 assets we track against QQQ, SII ranks #1230 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SII ahead by 86.0 points (+26.3% versus +112.3%). One caveat on sizing: SII is 1.9 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 SII: side by side
| QQQ (Invesco QQQ Trust) | SII (Sprott Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +112.3% |
| 5-year return | +95.4% | +354.0% |
| Volatility (ann.) | 19.6% | 37.3% |
| Beta vs S&P 500 | 1.28 | 0.92 |
| Max drawdown (3Y) | -22.8% | -38.0% |
| Market cap | – | $3.5B |
| P/E (trailing) | – | 33.6 |
| Dividend yield | 0.44% | 1.17% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SII |
|---|---|---|
| 2022 | -32.6% | -24.1% |
| 2023 | +54.9% | +5.0% |
| 2024 | +25.6% | +27.4% |
| 2025 | +20.8% | +135.0% |
| 2026 | +17.7% | +40.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SII?
As of 2026-08-27, the correlation of weekly returns between QQQ and SII is 0.33 over 3 years, 0.31 over 1 year and 0.36 over 5 years.
Is SII a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · SII correlations
