QQQ vs SNAL: Correlation
Invesco QQQ Trust (QQQ) and Snail, Inc. (SNAL) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNAL?
Over the past 3 years, QQQ and SNAL moved with a correlation of 0.20, which is weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 576.8 %².
Among the 4755 assets we track against QQQ, SNAL ranks #2858 by 3-year correlation. The last year tells two different stories: QQQ led by 61.5 percentage points, +26.3% for QQQ against -35.2% for SNAL. Risk is not evenly split, since SNAL carries 7.5 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 SNAL: side by side
| QQQ (Invesco QQQ Trust) | SNAL (Snail, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -35.2% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 146.7% |
| Beta vs S&P 500 | 1.28 | 2.22 |
| Max drawdown (3Y) | -22.8% | -88.0% |
| 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 |
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 | SNAL |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -17.7% |
| 2024 | +25.6% | +53.7% |
| 2025 | +20.8% | -52.2% |
| 2026 | +17.7% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNAL good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SNAL?
As of 2026-08-27, the correlation of weekly returns between QQQ and SNAL is 0.20 over 3 years, 0.15 over 1 year and 0.23 over 5 years.
Is SNAL a good diversifier for QQQ?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 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.
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Related comparisons
Hubs: QQQ correlations · SNAL correlations
