QQQ vs SKIL: Correlation
Invesco QQQ Trust (QQQ) and Skillsoft Corp. (SKIL) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SKIL?
Over the past 3 years, QQQ and SKIL moved with a correlation of 0.31, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 579.9 %².
Among the 4755 assets we track against QQQ, SKIL ranks #1433 by 3-year correlation. The last year tells two different stories: QQQ led by 84.9 percentage points, +26.3% for QQQ against -58.6% for SKIL. Note the risk asymmetry: SKIL runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SKIL: side by side
| QQQ (Invesco QQQ Trust) | SKIL (Skillsoft Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -58.6% |
| 5-year return | +95.4% | -96.5% |
| Volatility (ann.) | 19.6% | 95.0% |
| Beta vs S&P 500 | 1.28 | 2.14 |
| Max drawdown (3Y) | -22.8% | -88.5% |
| Market cap | – | $0.1B |
| 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 |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SKIL |
|---|---|---|
| 2022 | -32.6% | -85.8% |
| 2023 | +54.9% | -32.4% |
| 2024 | +25.6% | +36.3% |
| 2025 | +20.8% | -61.2% |
| 2026 | +17.7% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SKIL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SKIL?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.40 over the last year and 0.33 over 5 years.
Is SKIL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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 · SKIL correlations
