QQQ vs SNDA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sonida Senior Living, Inc. (SNDA) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNDA?
On 3 years of weekly data the QQQ/SNDA correlation comes out at 0.08, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.08) than the 3-year average (0.08). The 5-year figure is 0.10, and annualized covariance runs at 93.3 %².
Among the 4755 assets we track against QQQ, SNDA ranks #4007 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SNDA outperformed by 22.7 percentage points (+26.3% for QQQ against +49.0% for SNDA). Risk is not evenly split, since SNDA carries 3.1 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 SNDA: side by side
| QQQ (Invesco QQQ Trust) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +49.0% |
| 5-year return | +95.4% | +6.6% |
| Volatility (ann.) | 19.6% | 61.1% |
| Beta vs S&P 500 | 1.28 | 0.66 |
| Max drawdown (3Y) | -22.8% | -41.0% |
| Market cap | – | $1.9B |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SNDA |
|---|---|---|
| 2022 | -32.6% | -56.1% |
| 2023 | +54.9% | -22.7% |
| 2024 | +25.6% | +138.9% |
| 2025 | +20.8% | +41.3% |
| 2026 | +17.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNDA good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SNDA?
As of 2026-08-27, the correlation of weekly returns between QQQ and SNDA is 0.08 over 3 years, -0.08 over 1 year and 0.10 over 5 years.
Is SNDA a good diversifier for QQQ?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 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-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SNDA correlations
