QQQ vs SMTI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sanara MedTech Inc. (SMTI) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SMTI?
Over the past 3 years, QQQ and SMTI moved with a correlation of 0.25, which is weak. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 247.8 %².
Within QQQ's tracked universe of 4755 assets, SMTI comes in at #2170 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.4 points (+26.3% versus +1.9%). Note the risk asymmetry: SMTI runs 2.6 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 SMTI: side by side
| QQQ (Invesco QQQ Trust) | SMTI (Sanara MedTech Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +1.9% |
| 5-year return | +95.4% | -0.3% |
| Volatility (ann.) | 19.6% | 51.5% |
| Beta vs S&P 500 | 1.28 | 1.20 |
| Max drawdown (3Y) | -22.8% | -60.7% |
| 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 | SMTI |
|---|---|---|
| 2022 | -32.6% | +54.0% |
| 2023 | +54.9% | -9.7% |
| 2024 | +25.6% | -19.2% |
| 2025 | +20.8% | -29.7% |
| 2026 | +17.7% | +48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SMTI good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SMTI?
The QQQ/SMTI correlation stands at 0.25 on a 3-year window (1 year: 0.17, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is SMTI a good diversifier for QQQ?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-smti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-smti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SMTI correlations
