QQQ vs SONO: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sonos, Inc. (SONO) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SONO?
Over the past 3 years, QQQ and SONO moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 392.7 %².
Within QQQ's tracked universe of 4755 assets, SONO comes in at #419 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 18.0 points (+26.3% versus +8.3%). One caveat on sizing: SONO is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SONO: side by side
| QQQ (Invesco QQQ Trust) | SONO (Sonos, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +8.3% |
| 5-year return | +95.4% | -61.8% |
| Volatility (ann.) | 19.6% | 44.8% |
| Beta vs S&P 500 | 1.28 | 1.66 |
| Max drawdown (3Y) | -22.8% | -60.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 33.6 |
| 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 | SONO |
|---|---|---|
| 2022 | -32.6% | -43.3% |
| 2023 | +54.9% | +1.4% |
| 2024 | +25.6% | -12.3% |
| 2025 | +20.8% | +16.8% |
| 2026 | +17.7% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SONO good diversifiers for each other?
Reasonably. At 0.45, QQQ and SONO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SONO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.42 over the last year and 0.49 over 5 years.
Is SONO a good diversifier for QQQ?
Reasonably. At 0.45, QQQ and SONO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-sono.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sono/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SONO correlations
