QQQ vs SLQT: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SelectQuote, Inc. (SLQT) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLQT?
On 3 years of weekly data the QQQ/SLQT correlation comes out at 0.23, weak. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.23 over 3 years. The 5-year figure is 0.27, and annualized covariance runs at 388.1 %².
Within QQQ's tracked universe of 4755 assets, SLQT comes in at #2443 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 103.9 percentage points (+26.3% for QQQ against -77.6% for SLQT). One caveat on sizing: SLQT 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 SLQT: side by side
| QQQ (Invesco QQQ Trust) | SLQT (SelectQuote, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -77.6% |
| 5-year return | +95.4% | -93.9% |
| Volatility (ann.) | 19.6% | 86.4% |
| Beta vs S&P 500 | 1.28 | 1.55 |
| Max drawdown (3Y) | -22.8% | -91.1% |
| 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 | SLQT |
|---|---|---|
| 2022 | -32.6% | -92.6% |
| 2023 | +54.9% | +103.9% |
| 2024 | +25.6% | +171.5% |
| 2025 | +20.8% | -62.1% |
| 2026 | +17.7% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLQT good diversifiers for each other?
Reasonably. At 0.23, QQQ and SLQT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SLQT?
As of 2026-08-27, the correlation of weekly returns between QQQ and SLQT is 0.23 over 3 years, 0.46 over 1 year and 0.27 over 5 years.
Is SLQT a good diversifier for QQQ?
Reasonably. At 0.23, QQQ and SLQT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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-slqt.json
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[](https://www.pairbook.io/pair/qqq-vs-slqt/)
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Related comparisons
Hubs: QQQ correlations · SLQT correlations
