QQQ vs SNEX: Correlation
Invesco QQQ Trust (QQQ) and StoneX Group Inc. (SNEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNEX?
Over the past 3 years, QQQ and SNEX moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 234.8 %².
Within QQQ's tracked universe of 4755 assets, SNEX comes in at #1339 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SNEX ahead by 27.5 points (+26.3% versus +53.8%). One caveat on sizing: SNEX is 1.9 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 SNEX: side by side
| QQQ (Invesco QQQ Trust) | SNEX (StoneX Group Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +53.8% |
| 5-year return | +95.4% | +414.2% |
| Volatility (ann.) | 19.6% | 37.4% |
| Beta vs S&P 500 | 1.28 | 0.90 |
| Max drawdown (3Y) | -22.8% | -30.2% |
| Market cap | – | $8.2B |
| P/E (trailing) | – | 18.7 |
| 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 | SNEX |
|---|---|---|
| 2022 | -32.6% | +55.6% |
| 2023 | +54.9% | +16.2% |
| 2024 | +25.6% | +32.7% |
| 2025 | +20.8% | +45.7% |
| 2026 | +17.7% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SNEX?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.30 over the last year and 0.26 over 5 years.
Is SNEX a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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
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Related comparisons
Hubs: QQQ correlations · SNEX correlations
