QQQ vs SKM: Correlation
Invesco QQQ Trust (QQQ) and SK Telecom Co., Ltd. (SKM) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SKM?
Across a 3-year window, the weekly returns of QQQ and SKM correlate at 0.13, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Stretching to 5 years gives 0.20, with an annualized covariance of 77.6 %².
Among the 4755 assets we track against QQQ, SKM ranks #3584 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SKM outperformed by 53.8 percentage points (+26.3% for QQQ against +80.1% for SKM). Risk is not evenly split, since SKM carries 1.6 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 SKM: side by side
| QQQ (Invesco QQQ Trust) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +80.1% |
| 5-year return | +95.4% | +83.7% |
| Volatility (ann.) | 19.6% | 31.3% |
| Beta vs S&P 500 | 1.28 | 0.32 |
| Max drawdown (3Y) | -22.8% | -35.6% |
| Market cap | – | $15.2B |
| P/E (trailing) | – | 29.0 |
| Dividend yield | 0.44% | 4170.85% |
| 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 | SKM |
|---|---|---|
| 2022 | -32.6% | -17.8% |
| 2023 | +54.9% | +11.6% |
| 2024 | +25.6% | +2.9% |
| 2025 | +20.8% | +1.0% |
| 2026 | +17.7% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SKM good diversifiers for each other?
Yes. With a correlation of 0.13, QQQ and SKM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SKM?
As of 2026-08-27, the correlation of weekly returns between QQQ and SKM is 0.13 over 3 years, 0.19 over 1 year and 0.20 over 5 years.
Is SKM a good diversifier for QQQ?
Yes. With a correlation of 0.13, QQQ and SKM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 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-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-skm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SKM correlations
