QQQ vs SNPS: Correlation
Invesco QQQ Trust (QQQ) and Synopsys (SNPS) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNPS?
Across a 3-year window, the weekly returns of QQQ and SNPS correlate at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.59 over 3 years. Stretching to 5 years gives 0.65, with an annualized covariance of 485.4 %².
Among the 4755 assets we track against QQQ, SNPS ranks #147 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 49.2 percentage points (+26.3% for QQQ against -22.9% for SNPS). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.36 to 0.87. One caveat on sizing: SNPS is 2.2 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 SNPS: side by side
| QQQ (Invesco QQQ Trust) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | +26.3% | -22.9% |
| 5-year return | +95.4% | +39.1% |
| Volatility (ann.) | 19.6% | 42.2% |
| Beta vs S&P 500 | 1.28 | 1.57 |
| Max drawdown (3Y) | -22.8% | -42.3% |
| Market cap | – | $89.1B |
| P/E (trailing) | – | 71.4 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Information Technology |
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 | SNPS |
|---|---|---|
| 2022 | -32.6% | -13.4% |
| 2023 | +54.9% | +61.3% |
| 2024 | +25.6% | -5.7% |
| 2025 | +20.8% | -3.2% |
| 2026 | +17.7% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.35% of QQQ is SNPS itself, so the fund partly moves with the stock by construction.
Are QQQ and SNPS good diversifiers for each other?
Only partially. A correlation of 0.59 means QQQ and SNPS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and SNPS?
The QQQ/SNPS correlation stands at 0.59 on a 3-year window (1 year: 0.44, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is SNPS a good diversifier for QQQ?
Only partially. A correlation of 0.59 means QQQ and SNPS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · SNPS correlations
