QQQ vs SNX: Correlation
How closely do Invesco QQQ Trust (QQQ) and TD SYNNEX Corporation (SNX) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SNX?
Across a 3-year window, the weekly returns of QQQ and SNX correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 312.6 %².
By 3-year correlation, SNX places #255 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months SNX outperformed by 49.9 percentage points (+26.3% for QQQ against +76.2% for SNX). Note the risk asymmetry: SNX runs 1.6 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 SNX: side by side
| QQQ (Invesco QQQ Trust) | SNX (TD SYNNEX Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +76.2% |
| 5-year return | +95.4% | +114.5% |
| Volatility (ann.) | 19.6% | 31.3% |
| Beta vs S&P 500 | 1.28 | 1.15 |
| Max drawdown (3Y) | -22.8% | -33.8% |
| Market cap | – | – |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.44% | 0.74% |
| 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 | SNX |
|---|---|---|
| 2022 | -32.6% | -16.1% |
| 2023 | +54.9% | +15.3% |
| 2024 | +25.6% | +10.5% |
| 2025 | +20.8% | +29.8% |
| 2026 | +17.7% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SNX good diversifiers for each other?
Only partially. A correlation of 0.51 means QQQ and SNX 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 SNX?
The QQQ/SNX correlation stands at 0.51 on a 3-year window (1 year: 0.47, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is SNX a good diversifier for QQQ?
Only partially. A correlation of 0.51 means QQQ and SNX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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-snx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-snx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SNX correlations
