QQQ vs SNA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Snap-on (SNA) 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 SNA?
On 3 years of weekly data the QQQ/SNA correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.36). The 5-year figure is 0.42, and annualized covariance runs at 149.5 %².
Among the 4755 assets we track against QQQ, SNA ranks #967 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +23.1% for SNA. This link changes with the market regime, having swung between 0.08 and 0.60 on a rolling one-year basis.
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 SNA: side by side
| QQQ (Invesco QQQ Trust) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | +26.3% | +23.1% |
| 5-year return | +95.4% | +99.6% |
| Volatility (ann.) | 19.6% | 21.3% |
| Beta vs S&P 500 | 1.28 | 0.70 |
| Max drawdown (3Y) | -22.8% | -20.8% |
| Market cap | – | $20.5B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.44% | 2.38% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | SNA |
|---|---|---|
| 2022 | -32.6% | +8.9% |
| 2023 | +54.9% | +29.7% |
| 2024 | +25.6% | +20.7% |
| 2025 | +20.8% | +4.3% |
| 2026 | +17.7% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNA good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SNA?
The QQQ/SNA correlation stands at 0.36 on a 3-year window (1 year: 0.10, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SNA a good diversifier for QQQ?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SNA correlations
