QQQ vs SLNG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Stabilis Solutions, Inc. (SLNG) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLNG?
On 3 years of weekly data the QQQ/SLNG correlation comes out at 0.08, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.13) runs below the 3-year figure (0.08). The 5-year figure is 0.05, and annualized covariance runs at 114.6 %².
Among the 4755 assets we track against QQQ, SLNG ranks #4005 by 3-year correlation. The last year tells two different stories: SLNG led by 17.2 percentage points, +26.3% for QQQ against +43.5% for SLNG. Note the risk asymmetry: SLNG runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLNG: side by side
| QQQ (Invesco QQQ Trust) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +43.5% |
| 5-year return | +95.4% | -16.1% |
| Volatility (ann.) | 19.6% | 69.9% |
| Beta vs S&P 500 | 1.28 | 0.39 |
| Max drawdown (3Y) | -22.8% | -58.7% |
| 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, 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 | SLNG |
|---|---|---|
| 2022 | -32.6% | +25.8% |
| 2023 | +54.9% | -22.0% |
| 2024 | +25.6% | +28.9% |
| 2025 | +20.8% | -15.0% |
| 2026 | +17.7% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLNG good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SLNG?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with -0.13 over the last year and 0.05 over 5 years.
Is SLNG a good diversifier for QQQ?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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.
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Related comparisons
Hubs: QQQ correlations · SLNG correlations
