QQQ vs SOLV: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Solventum (SOLV) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SOLV?
Over the past 3 years, QQQ and SOLV moved with a correlation of 0.15, which is weak. Little has changed lately, as the 1-year reading of 0.06 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 92.6 %².
Among the 4755 assets we track against QQQ, SOLV ranks #3398 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +24.7% for SOLV. This link changes with the market regime, having swung between -0.04 and 0.50 on a rolling one-year basis. Risk is not evenly split, since SOLV carries 1.6 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 SOLV: side by side
| QQQ (Invesco QQQ Trust) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | +26.3% | +24.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 30.4% |
| Beta vs S&P 500 | 1.28 | 0.62 |
| Max drawdown (3Y) | -22.8% | -40.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SOLV |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | +20.0% |
| 2026 | +17.7% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SOLV good diversifiers for each other?
Yes. With a correlation of 0.15, QQQ and SOLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SOLV?
The QQQ/SOLV correlation stands at 0.15 on a 3-year window (1 year: 0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SOLV a good diversifier for QQQ?
Yes. With a correlation of 0.15, QQQ and SOLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SOLV correlations
