QQQ vs SLE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Super League Enterprise, Inc. (SLE) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLE?
Across a 3-year window, the weekly returns of QQQ and SLE correlate at 0.18, weak. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.18 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 441.1 %².
Among the 4755 assets we track against QQQ, SLE ranks #3091 by 3-year correlation. The last year tells two different stories: QQQ led by 117.2 percentage points, +26.3% for QQQ against -90.9% for SLE. Note the risk asymmetry: SLE runs 6.5 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 SLE: side by side
| QQQ (Invesco QQQ Trust) | SLE (Super League Enterprise, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -90.9% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 126.8% |
| Beta vs S&P 500 | 1.28 | 1.87 |
| Max drawdown (3Y) | -22.8% | -99.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SLE |
|---|---|---|
| 2022 | -32.6% | -85.8% |
| 2023 | +54.9% | -77.4% |
| 2024 | +25.6% | -59.3% |
| 2025 | +20.8% | -97.5% |
| 2026 | +17.7% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLE good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SLE?
The QQQ/SLE correlation stands at 0.18 on a 3-year window (1 year: -0.05, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is SLE a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 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-sle.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sle/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: QQQ correlations · SLE correlations
