QQQ vs SLN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Silence Therapeutics Plc - American Depository Share (SLN) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLN?
Across a 3-year window, the weekly returns of QQQ and SLN correlate at 0.19, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.19 over 3. Stretching to 5 years gives 0.19, with an annualized covariance of 312.0 %².
By 3-year correlation, SLN places #2971 of the 4755 assets tracked against QQQ. The last year tells two different stories: SLN led by 132.4 percentage points, +26.3% for QQQ against +158.7% for SLN. One caveat on sizing: SLN is 4.4 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 SLN: side by side
| QQQ (Invesco QQQ Trust) | SLN (Silence Therapeutics Plc - American Depository Share) | |
|---|---|---|
| 1-year return | +26.3% | +158.7% |
| 5-year return | +95.4% | -42.5% |
| Volatility (ann.) | 19.6% | 86.0% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -22.8% | -91.7% |
| Market cap | – | $0.8B |
| 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 | SLN |
|---|---|---|
| 2022 | -32.6% | -36.2% |
| 2023 | +54.9% | +13.9% |
| 2024 | +25.6% | -60.4% |
| 2025 | +20.8% | -11.6% |
| 2026 | +17.7% | +121.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLN good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SLN?
The QQQ/SLN correlation stands at 0.19 on a 3-year window (1 year: 0.19, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is SLN a good diversifier for QQQ?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
A reading of 0.19 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-sln.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLN correlations
