QQQ vs SITE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SiteOne Landscape Supply, Inc. (SITE) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SITE?
On 3 years of weekly data the QQQ/SITE correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.35). The 5-year figure is 0.54, and annualized covariance runs at 254.1 %².
Within QQQ's tracked universe of 4755 assets, SITE comes in at #1045 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 60.5 points (+26.3% versus -34.2%). Risk is not evenly split, since SITE carries 1.9 times the volatility of the other side.
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 SITE: side by side
| QQQ (Invesco QQQ Trust) | SITE (SiteOne Landscape Supply, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -34.2% |
| 5-year return | +95.4% | -52.8% |
| Volatility (ann.) | 19.6% | 37.2% |
| Beta vs S&P 500 | 1.28 | 1.06 |
| Max drawdown (3Y) | -22.8% | -49.5% |
| Market cap | – | $4.2B |
| P/E (trailing) | – | 26.3 |
| 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 | SITE |
|---|---|---|
| 2022 | -32.6% | -51.6% |
| 2023 | +54.9% | +38.5% |
| 2024 | +25.6% | -18.9% |
| 2025 | +20.8% | -5.5% |
| 2026 | +17.7% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SITE good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SITE?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.21 over the last year and 0.54 over 5 years.
Is SITE a good diversifier for QQQ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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-site.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-site/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SITE correlations
