QQQ vs SLDB: Correlation
Invesco QQQ Trust (QQQ) and Solid Biosciences Inc. (SLDB) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLDB?
Across a 3-year window, the weekly returns of QQQ and SLDB correlate at 0.29, weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.29 over 3. Stretching to 5 years gives 0.30, with an annualized covariance of 580.8 %².
Among the 4755 assets we track against QQQ, SLDB ranks #1657 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLDB ahead by 53.9 points (+26.3% versus +80.2%). One caveat on sizing: SLDB is 5.3 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 SLDB: side by side
| QQQ (Invesco QQQ Trust) | SLDB (Solid Biosciences Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +80.2% |
| 5-year return | +95.4% | -75.0% |
| Volatility (ann.) | 19.6% | 103.6% |
| Beta vs S&P 500 | 1.28 | 2.35 |
| Max drawdown (3Y) | -22.8% | -82.9% |
| Market cap | – | $1.1B |
| 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 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 | SLDB |
|---|---|---|
| 2022 | -32.6% | -79.5% |
| 2023 | +54.9% | +14.1% |
| 2024 | +25.6% | -34.9% |
| 2025 | +20.8% | +41.0% |
| 2026 | +17.7% | +79.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLDB good diversifiers for each other?
Reasonably. At 0.29, QQQ and SLDB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SLDB?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.25 over the last year and 0.30 over 5 years.
Is SLDB a good diversifier for QQQ?
Reasonably. At 0.29, QQQ and SLDB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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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Hubs: QQQ correlations · SLDB correlations
