QQQ vs SKY: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Champion Homes, Inc. (SKY) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SKY?
On 3 years of weekly data the QQQ/SKY correlation comes out at 0.25, weak. Recent behaviour matches the longer record: 0.15 over 1 year against 0.25 over 3. The 5-year figure is 0.41, and annualized covariance runs at 225.1 %².
By 3-year correlation, SKY places #2167 of the 4755 assets tracked against QQQ. Over the last 12 months QQQ came out ahead by 5.8 percentage points (+26.3% against +20.5%). Risk is not evenly split, since SKY carries 2.3 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 SKY: side by side
| QQQ (Invesco QQQ Trust) | SKY (Champion Homes, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +20.5% |
| 5-year return | +95.4% | +41.8% |
| Volatility (ann.) | 19.6% | 45.3% |
| Beta vs S&P 500 | 1.28 | 1.01 |
| Max drawdown (3Y) | -22.8% | -44.6% |
| Market cap | – | $4.9B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SKY |
|---|---|---|
| 2022 | -32.6% | -34.8% |
| 2023 | +54.9% | +44.2% |
| 2024 | +25.6% | +18.6% |
| 2025 | +20.8% | -4.1% |
| 2026 | +17.7% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SKY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SKY?
As of 2026-08-27, the correlation of weekly returns between QQQ and SKY is 0.25 over 3 years, 0.15 over 1 year and 0.41 over 5 years.
Is SKY a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sky.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sky/)
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Related comparisons
Hubs: QQQ correlations · SKY correlations
