QQQ vs SLSR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Solaris Resources Inc. (SLSR) 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 SLSR?
Over the past 3 years, QQQ and SLSR moved with a correlation of 0.31, which is moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 379.5 %².
Among the 4755 assets we track against QQQ, SLSR ranks #1435 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLSR outperformed by 33.4 percentage points (+26.3% for QQQ against +59.7% for SLSR). Note the risk asymmetry: SLSR runs 3.2 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 SLSR: side by side
| QQQ (Invesco QQQ Trust) | SLSR (Solaris Resources Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +59.7% |
| 5-year return | +95.4% | -4.4% |
| Volatility (ann.) | 19.6% | 63.0% |
| Beta vs S&P 500 | 1.28 | 1.40 |
| Max drawdown (3Y) | -22.8% | -56.9% |
| Market cap | – | $1.5B |
| 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 | SLSR |
|---|---|---|
| 2022 | -32.6% | -65.7% |
| 2023 | +54.9% | -33.7% |
| 2024 | +25.6% | +1.8% |
| 2025 | +20.8% | +156.7% |
| 2026 | +17.7% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLSR 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 SLSR?
As of 2026-08-27, the correlation of weekly returns between QQQ and SLSR is 0.31 over 3 years, 0.30 over 1 year and 0.30 over 5 years.
Is SLSR 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?
On the −1 to +1 scale, 0.31 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.
Use this data
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Related comparisons
Hubs: QQQ correlations · SLSR correlations
