QQQ vs SN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SharkNinja, Inc. (SN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SN?
Over the past 3 years, QQQ and SN moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 342.6 %².
Within QQQ's tracked universe of 4755 assets, SN comes in at #639 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SN outperformed by 34.0 percentage points (+26.3% for QQQ against +60.3% for SN). Note the risk asymmetry: SN runs 2.2 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 SN: side by side
| QQQ (Invesco QQQ Trust) | SN (SharkNinja, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +60.3% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 43.5% |
| Beta vs S&P 500 | 1.28 | 1.43 |
| Max drawdown (3Y) | -22.8% | -42.6% |
| Market cap | – | $27.3B |
| P/E (trailing) | – | 39.4 |
| 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 | SN |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +90.3% |
| 2025 | +20.8% | +14.9% |
| 2026 | +17.7% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SN?
As of 2026-08-27, the correlation of weekly returns between QQQ and SN is 0.40 over 3 years, 0.31 over 1 year and n/a over 5 years.
Is SN a good diversifier for QQQ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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-sn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SN correlations
