QQQ vs SMTK: Correlation
Invesco QQQ Trust (QQQ) and SmartKem, Inc. (SMTK) show a near-zero relationship: their 3-year correlation of weekly returns is -0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SMTK?
Across a 3-year window, the weekly returns of QQQ and SMTK correlate at -0.04, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.20) than the 3-year average (-0.04). Stretching to 5 years gives n/a, with an annualized covariance of -115.1 %².
Within QQQ's tracked universe of 4755 assets, SMTK comes in at #4607 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 115.4 percentage points (+26.3% for QQQ against -89.1% for SMTK). Risk is not evenly split, since SMTK carries 7.9 times the volatility of the other side.
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 SMTK: side by side
| QQQ (Invesco QQQ Trust) | SMTK (SmartKem, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -89.1% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 155.8% |
| Beta vs S&P 500 | 1.28 | -0.16 |
| Max drawdown (3Y) | -22.8% | -99.2% |
| Market cap | – | – |
| 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 | SMTK |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -63.3% |
| 2026 | +17.7% | -93.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SMTK good diversifiers for each other?
By historical standards, yes. A correlation of -0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SMTK?
Using weekly returns as of 2026-08-27: -0.04 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is SMTK a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.04 means the two rarely move for the same reasons.
What does a correlation of -0.04 mean?
A reading of -0.04 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-smtk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-smtk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SMTK correlations
