QQQ vs SLVM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sylvamo Corporation (SLVM) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SLVM?
On 3 years of weekly data the QQQ/SLVM correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 189.5 %².
Within QQQ's tracked universe of 4755 assets, SLVM comes in at #2169 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.8 percentage points (+26.3% for QQQ against -15.5% for SLVM). Note the risk asymmetry: SLVM runs 1.9 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 SLVM: side by side
| QQQ (Invesco QQQ Trust) | SLVM (Sylvamo Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -15.5% |
| 5-year return | +95.4% | +65.7% |
| Volatility (ann.) | 19.6% | 38.0% |
| Beta vs S&P 500 | 1.28 | 0.92 |
| Max drawdown (3Y) | -22.8% | -60.6% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | 19.6 |
| Dividend yield | 0.44% | 4.91% |
| 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 | SLVM |
|---|---|---|
| 2022 | -32.6% | +75.3% |
| 2023 | +54.9% | +4.2% |
| 2024 | +25.6% | +64.7% |
| 2025 | +20.8% | -37.1% |
| 2026 | +17.7% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SLVM good diversifiers for each other?
Reasonably. At 0.25, QQQ and SLVM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SLVM?
The QQQ/SLVM correlation stands at 0.25 on a 3-year window (1 year: 0.18, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is SLVM a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and SLVM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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-slvm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-slvm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SLVM correlations
