QQQ vs SMRT: Correlation
How closely do Invesco QQQ Trust (QQQ) and SmartRent, Inc. (SMRT) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SMRT?
Over the past 3 years, QQQ and SMRT moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.36). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 459.2 %².
By 3-year correlation, SMRT places #966 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 33.8 percentage points (+26.3% for QQQ against -7.5% for SMRT). One caveat on sizing: SMRT is 3.4 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 SMRT: side by side
| QQQ (Invesco QQQ Trust) | SMRT (SmartRent, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -7.5% |
| 5-year return | +95.4% | -89.1% |
| Volatility (ann.) | 19.6% | 66.0% |
| Beta vs S&P 500 | 1.28 | 1.68 |
| Max drawdown (3Y) | -22.8% | -79.4% |
| Market cap | – | $0.3B |
| 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 | SMRT |
|---|---|---|
| 2022 | -32.6% | -74.9% |
| 2023 | +54.9% | +31.3% |
| 2024 | +25.6% | -45.1% |
| 2025 | +20.8% | +15.4% |
| 2026 | +17.7% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SMRT good diversifiers for each other?
Reasonably. At 0.36, QQQ and SMRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SMRT?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.23 over the last year and 0.40 over 5 years.
Is SMRT a good diversifier for QQQ?
Reasonably. At 0.36, QQQ and SMRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-smrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-smrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SMRT correlations
