QQQ vs SON: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sonoco Products Company (SON) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SON?
On 3 years of weekly data the QQQ/SON correlation comes out at 0.22, weak. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.22). The 5-year figure is 0.35, and annualized covariance runs at 108.2 %².
Within QQQ's tracked universe of 4755 assets, SON comes in at #2590 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +26.5% for SON.
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 SON: side by side
| QQQ (Invesco QQQ Trust) | SON (Sonoco Products Company) | |
|---|---|---|
| 1-year return | +26.3% | +26.5% |
| 5-year return | +95.4% | +4.8% |
| Volatility (ann.) | 19.6% | 25.7% |
| Beta vs S&P 500 | 1.28 | 0.62 |
| Max drawdown (3Y) | -22.8% | -32.5% |
| Market cap | – | $5.6B |
| P/E (trailing) | – | 8.9 |
| Dividend yield | 0.44% | 3.70% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SON |
|---|---|---|
| 2022 | -32.6% | +8.3% |
| 2023 | +54.9% | -4.7% |
| 2024 | +25.6% | -9.1% |
| 2025 | +20.8% | -6.3% |
| 2026 | +17.7% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SON good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SON?
The QQQ/SON correlation stands at 0.22 on a 3-year window (1 year: 0.06, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is SON a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 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 · SON correlations
