QQQ vs SLGL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sol-Gel Technologies Ltd. (SLGL) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLGL?
On 3 years of weekly data the QQQ/SLGL correlation comes out at 0.11, weak. Little has changed lately, as the 1-year reading of 0.03 lands near the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 287.7 %².
By 3-year correlation, SLGL places #3784 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with SLGL ahead by 204.3 points (+26.3% versus +230.6%). Risk is not evenly split, since SLGL carries 6.7 times the volatility of the other side.
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 SLGL: side by side
| QQQ (Invesco QQQ Trust) | SLGL (Sol-Gel Technologies Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +230.6% |
| 5-year return | +95.4% | -25.1% |
| Volatility (ann.) | 19.6% | 130.8% |
| Beta vs S&P 500 | 1.28 | 1.42 |
| Max drawdown (3Y) | -22.8% | -86.8% |
| Market cap | – | $0.2B |
| 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 | SLGL |
|---|---|---|
| 2022 | -32.6% | -38.4% |
| 2023 | +54.9% | -75.8% |
| 2024 | +25.6% | -15.8% |
| 2025 | +20.8% | +353.1% |
| 2026 | +17.7% | +72.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLGL good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SLGL?
As of 2026-08-27, the correlation of weekly returns between QQQ and SLGL is 0.11 over 3 years, 0.03 over 1 year and 0.11 over 5 years.
Is SLGL a good diversifier for QQQ?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
A reading of 0.11 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-slgl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-slgl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLGL correlations
