QQQ vs SITC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SITE Centers Corp. (SITC) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SITC?
On 3 years of weekly data the QQQ/SITC correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.32 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 156.5 %².
By 3-year correlation, SITC places #1337 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 69.5 percentage points (+26.3% for QQQ against -43.2% for SITC).
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 SITC: side by side
| QQQ (Invesco QQQ Trust) | SITC (SITE Centers Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -43.2% |
| 5-year return | +95.4% | -37.3% |
| Volatility (ann.) | 19.6% | 24.9% |
| Beta vs S&P 500 | 1.28 | 0.73 |
| Max drawdown (3Y) | -22.8% | -59.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.44% | 0.00% |
| 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 | SITC |
|---|---|---|
| 2022 | -32.6% | -2.2% |
| 2023 | +54.9% | +19.2% |
| 2024 | +25.6% | +0.2% |
| 2025 | +20.8% | -15.1% |
| 2026 | +17.7% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SITC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SITC?
The QQQ/SITC correlation stands at 0.32 on a 3-year window (1 year: 0.08, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is SITC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sitc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sitc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SITC correlations
