QQQ vs SMXT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Solarmax Technology Inc. (SMXT) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SMXT?
Over the past 3 years, QQQ and SMXT moved with a correlation of 0.02, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.01) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 472.4 %².
Among the 4755 assets we track against QQQ, SMXT ranks #4399 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SMXT outperformed by 113.4 percentage points (+26.3% for QQQ against +139.7% for SMXT). Risk is not evenly split, since SMXT carries 48.3 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 SMXT: side by side
| QQQ (Invesco QQQ Trust) | SMXT (Solarmax Technology Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +139.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 947.0% |
| Beta vs S&P 500 | 1.28 | 2.41 |
| Max drawdown (3Y) | -22.8% | -98.0% |
| 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 |
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 | SMXT |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -49.3% |
| 2026 | +17.7% | +267.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SMXT good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SMXT?
As of 2026-08-27, the correlation of weekly returns between QQQ and SMXT is 0.02 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is SMXT a good diversifier for QQQ?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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-smxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-smxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SMXT correlations
