QQQ vs SNAP: Correlation
Invesco QQQ Trust (QQQ) and Snap Inc. (SNAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNAP?
Across a 3-year window, the weekly returns of QQQ and SNAP correlate at 0.37, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.37). Stretching to 5 years gives 0.41, with an annualized covariance of 434.2 %².
By 3-year correlation, SNAP places #872 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 50.0 points (+26.3% versus -23.7%). One caveat on sizing: SNAP is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SNAP: side by side
| QQQ (Invesco QQQ Trust) | SNAP (Snap Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -23.7% |
| 5-year return | +95.4% | -92.8% |
| Volatility (ann.) | 19.6% | 59.8% |
| Beta vs S&P 500 | 1.28 | 1.59 |
| Max drawdown (3Y) | -22.8% | -77.5% |
| Market cap | – | $9.0B |
| 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 | SNAP |
|---|---|---|
| 2022 | -32.6% | -81.0% |
| 2023 | +54.9% | +89.2% |
| 2024 | +25.6% | -36.4% |
| 2025 | +20.8% | -25.1% |
| 2026 | +17.7% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNAP good diversifiers for each other?
Reasonably. At 0.37, QQQ and SNAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SNAP?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.49 over the last year and 0.41 over 5 years.
Is SNAP a good diversifier for QQQ?
Reasonably. At 0.37, QQQ and SNAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-snap.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-snap/)
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Related comparisons
Hubs: QQQ correlations · SNAP correlations
