QQQ vs SLMT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Brera Holdings PLC - Class B (SLMT) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLMT?
Over the past 3 years, QQQ and SLMT moved with a correlation of 0.17, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.32 versus 0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 462.4 %².
Within QQQ's tracked universe of 4755 assets, SLMT comes in at #3195 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 119.0 points (+26.3% versus -92.7%). One caveat on sizing: SLMT is 7.1 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 SLMT: side by side
| QQQ (Invesco QQQ Trust) | SLMT (Brera Holdings PLC - Class B) | |
|---|---|---|
| 1-year return | +26.3% | -92.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 139.8% |
| Beta vs S&P 500 | 1.28 | 1.66 |
| Max drawdown (3Y) | -22.8% | -98.8% |
| Market cap | – | $0.1B |
| 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 | SLMT |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +25.5% |
| 2025 | +20.8% | -77.3% |
| 2026 | +17.7% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLMT good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SLMT?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is SLMT a good diversifier for QQQ?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
A reading of 0.17 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-slmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-slmt/)
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Related comparisons
Hubs: QQQ correlations · SLMT correlations
