QQQ vs SNES: Correlation
Invesco QQQ Trust (QQQ) and SenesTech, Inc. (SNES) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNES?
Across a 3-year window, the weekly returns of QQQ and SNES correlate at 0.19, weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 384.4 %².
Within QQQ's tracked universe of 4755 assets, SNES comes in at #2973 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 103.0 points (+26.3% versus -76.7%). Note the risk asymmetry: SNES runs 5.3 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 SNES: side by side
| QQQ (Invesco QQQ Trust) | SNES (SenesTech, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -76.7% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 104.7% |
| Beta vs S&P 500 | 1.28 | 1.31 |
| Max drawdown (3Y) | -22.8% | -98.5% |
| 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 |
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 | SNES |
|---|---|---|
| 2022 | -32.6% | -84.2% |
| 2023 | +54.9% | -96.6% |
| 2024 | +25.6% | -73.9% |
| 2025 | +20.8% | -35.3% |
| 2026 | +17.7% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNES good diversifiers for each other?
Yes. With a correlation of 0.19, QQQ and SNES have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SNES?
The QQQ/SNES correlation stands at 0.19 on a 3-year window (1 year: 0.27, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SNES a good diversifier for QQQ?
Yes. With a correlation of 0.19, QQQ and SNES have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 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-snes.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-snes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SNES correlations
