QQQ vs SJ: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Scienjoy Holding Corporation - Class A (SJ) carry a correlation of -0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SJ?
Over the past 3 years, QQQ and SJ moved with a correlation of -0.03, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.06 over 1 year against -0.03 over 3. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is -53.0 %².
By 3-year correlation, SJ places #4590 of the 4755 assets tracked against QQQ. The trailing year gives SJ the advantage: +26.3% versus +34.4%, a 8.1-point spread. Risk is not evenly split, since SJ carries 4.4 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 SJ: side by side
| QQQ (Invesco QQQ Trust) | SJ (Scienjoy Holding Corporation - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +34.4% |
| 5-year return | +95.4% | -79.3% |
| Volatility (ann.) | 19.6% | 85.6% |
| Beta vs S&P 500 | 1.28 | -0.26 |
| Max drawdown (3Y) | -22.8% | -87.8% |
| Market cap | – | – |
| 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 |
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 | SJ |
|---|---|---|
| 2022 | -32.6% | -65.3% |
| 2023 | +54.9% | +76.6% |
| 2024 | +25.6% | -70.1% |
| 2025 | +20.8% | -33.2% |
| 2026 | +17.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SJ good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SJ?
The QQQ/SJ correlation stands at -0.03 on a 3-year window (1 year: -0.06, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is SJ a good diversifier for QQQ?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 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-sj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sj/)
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Related comparisons
Hubs: QQQ correlations · SJ correlations
