QQQ vs SLG: Correlation
How closely do Invesco QQQ Trust (QQQ) and SL Green Realty Corp (SLG) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLG?
On 3 years of weekly data the QQQ/SLG correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 285.1 %².
By 3-year correlation, SLG places #1046 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 19.6 percentage points, +26.3% for QQQ against +6.7% for SLG. One caveat on sizing: SLG is 2.1 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 SLG: side by side
| QQQ (Invesco QQQ Trust) | SLG (SL Green Realty Corp) | |
|---|---|---|
| 1-year return | +26.3% | +6.7% |
| 5-year return | +95.4% | +15.1% |
| Volatility (ann.) | 19.6% | 41.1% |
| Beta vs S&P 500 | 1.28 | 1.33 |
| Max drawdown (3Y) | -22.8% | -53.9% |
| Market cap | – | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 5.65% |
| 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 | SLG |
|---|---|---|
| 2022 | -32.6% | -50.9% |
| 2023 | +54.9% | +48.8% |
| 2024 | +25.6% | +58.3% |
| 2025 | +20.8% | -29.0% |
| 2026 | +17.7% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SLG?
The QQQ/SLG correlation stands at 0.35 on a 3-year window (1 year: 0.30, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SLG a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-slg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-slg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLG correlations
