QQQ vs SOAR: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Volato Group, Inc. (SOAR) 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 SOAR?
Across a 3-year window, the weekly returns of QQQ and SOAR correlate at 0.08, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.08). Stretching to 5 years gives 0.06, with an annualized covariance of 222.1 %².
By 3-year correlation, SOAR places #4008 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 113.2 percentage points (+26.3% for QQQ against -86.9% for SOAR). Risk is not evenly split, since SOAR carries 7.2 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 SOAR: side by side
| QQQ (Invesco QQQ Trust) | SOAR (Volato Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -86.9% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 140.6% |
| Beta vs S&P 500 | 1.28 | 1.26 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| 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 | SOAR |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -62.9% |
| 2024 | +25.6% | -93.5% |
| 2025 | +20.8% | -88.2% |
| 2026 | +17.7% | -68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SOAR good diversifiers for each other?
Yes. With a correlation of 0.08, QQQ and SOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SOAR?
The QQQ/SOAR correlation stands at 0.08 on a 3-year window (1 year: -0.14, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is SOAR a good diversifier for QQQ?
Yes. With a correlation of 0.08, QQQ and SOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-soar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-soar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SOAR correlations
