QQQ vs SLRC: Correlation
How closely do Invesco QQQ Trust (QQQ) and SLR Investment Corp. - Closed End Fund (SLRC) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLRC?
Over the past 3 years, QQQ and SLRC moved with a correlation of 0.31, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.31 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 116.2 %².
Within QQQ's tracked universe of 4755 assets, SLRC comes in at #1434 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.0 points (+26.3% versus -15.7%).
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 SLRC: side by side
| QQQ (Invesco QQQ Trust) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +26.3% | -15.7% |
| 5-year return | +95.4% | +11.2% |
| Volatility (ann.) | 19.6% | 19.4% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -22.8% | -22.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.44% | 12.31% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SLRC |
|---|---|---|
| 2022 | -32.6% | -16.1% |
| 2023 | +54.9% | +20.6% |
| 2024 | +25.6% | +19.1% |
| 2025 | +20.8% | +5.7% |
| 2026 | +17.7% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLRC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SLRC?
As of 2026-08-27, the correlation of weekly returns between QQQ and SLRC is 0.31 over 3 years, 0.20 over 1 year and 0.44 over 5 years.
Is SLRC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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-slrc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-slrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLRC correlations
