QQQ vs SLAB: Correlation
How closely do Invesco QQQ Trust (QQQ) and Silicon Laboratories, Inc. (SLAB) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLAB?
Over the past 3 years, QQQ and SLAB moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.38). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 362.8 %².
Within QQQ's tracked universe of 4755 assets, SLAB comes in at #795 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLAB ahead by 30.5 points (+26.3% versus +56.8%). One caveat on sizing: SLAB is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SLAB: side by side
| QQQ (Invesco QQQ Trust) | SLAB (Silicon Laboratories, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +56.8% |
| 5-year return | +95.4% | +36.7% |
| Volatility (ann.) | 19.6% | 48.6% |
| Beta vs S&P 500 | 1.28 | 1.40 |
| Max drawdown (3Y) | -22.8% | -45.7% |
| Market cap | – | $7.3B |
| 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 | SLAB |
|---|---|---|
| 2022 | -32.6% | -34.3% |
| 2023 | +54.9% | -2.5% |
| 2024 | +25.6% | -6.1% |
| 2025 | +20.8% | +5.2% |
| 2026 | +17.7% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLAB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SLAB?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.05 over the last year and 0.50 over 5 years.
Is SLAB a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-slab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-slab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLAB correlations
