QQQ vs SOC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sable Offshore Corp. (SOC) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SOC?
Across a 3-year window, the weekly returns of QQQ and SOC correlate at 0.02, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.15) than the 3-year average (0.02). Stretching to 5 years gives 0.02, with an annualized covariance of 49.5 %².
Within QQQ's tracked universe of 4755 assets, SOC comes in at #4401 by 3-year correlation. The last year tells two different stories: QQQ led by 109.9 percentage points, +26.3% for QQQ against -83.6% for SOC. Note the risk asymmetry: SOC runs 5.2 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 SOC: side by side
| QQQ (Invesco QQQ Trust) | SOC (Sable Offshore Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -83.6% |
| 5-year return | +95.4% | -51.7% |
| Volatility (ann.) | 19.6% | 101.7% |
| Beta vs S&P 500 | 1.28 | 0.03 |
| Max drawdown (3Y) | -22.8% | -90.7% |
| Market cap | – | $0.9B |
| 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 | SOC |
|---|---|---|
| 2022 | -32.6% | +3.4% |
| 2023 | +54.9% | +13.3% |
| 2024 | +25.6% | +101.1% |
| 2025 | +20.8% | -60.6% |
| 2026 | +17.7% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SOC good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SOC?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with -0.15 over the last year and 0.02 over 5 years.
Is SOC a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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-soc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-soc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SOC correlations
