QQQ vs SLF: Correlation
Invesco QQQ Trust (QQQ) and Sun Life Financial Inc. (SLF) 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 SLF?
Over the past 3 years, QQQ and SLF moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.15) than the 3-year average (0.29). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 105.6 %².
By 3-year correlation, SLF places #1658 of the 4755 assets tracked against QQQ. Over the last 12 months SLF came out ahead by 13.7 percentage points (+26.3% against +40.0%).
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 SLF: side by side
| QQQ (Invesco QQQ Trust) | SLF (Sun Life Financial Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +40.0% |
| 5-year return | +95.4% | +84.1% |
| Volatility (ann.) | 19.6% | 18.6% |
| Beta vs S&P 500 | 1.28 | 0.52 |
| Max drawdown (3Y) | -22.8% | -14.9% |
| Market cap | – | $43.8B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.44% | 4.66% |
| 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 | SLF |
|---|---|---|
| 2022 | -32.6% | -12.9% |
| 2023 | +54.9% | +16.9% |
| 2024 | +25.6% | +19.5% |
| 2025 | +20.8% | +7.3% |
| 2026 | +17.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLF good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SLF?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.15 over the last year and 0.44 over 5 years.
Is SLF a good diversifier for QQQ?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-slf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-slf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLF correlations
