QQQ vs SJM: Correlation
Invesco QQQ Trust (QQQ) and J.M. Smucker Company (The) (SJM) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SJM?
On 3 years of weekly data the QQQ/SJM correlation comes out at 0.04, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.04, and annualized covariance runs at 20.3 %².
Among the 4755 assets we track against QQQ, SJM ranks #4276 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +29.9% for SJM. On a rolling one-year basis the correlation drifted between -0.14 and 0.20, a moderate band.
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 SJM: side by side
| QQQ (Invesco QQQ Trust) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | +26.3% | +29.9% |
| 5-year return | +95.4% | +28.2% |
| Volatility (ann.) | 19.6% | 26.0% |
| Beta vs S&P 500 | 1.28 | 0.21 |
| Max drawdown (3Y) | -22.8% | -32.5% |
| Market cap | – | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.44% | 3.38% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Staples |
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 | SJM |
|---|---|---|
| 2022 | -32.6% | +20.1% |
| 2023 | +54.9% | -17.8% |
| 2024 | +25.6% | -9.6% |
| 2025 | +20.8% | -7.6% |
| 2026 | +17.7% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SJM good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SJM?
The QQQ/SJM correlation stands at 0.04 on a 3-year window (1 year: 0.05, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is SJM a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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.
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Related comparisons
Hubs: QQQ correlations · SJM correlations
