QQQ vs SPG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Simon Property Group (SPG) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPG?
On 3 years of weekly data the QQQ/SPG correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.34). The 5-year figure is 0.46, and annualized covariance runs at 151.7 %².
By 3-year correlation, SPG places #1146 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +26.3% for SPG. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.04 to 0.65.
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 SPG: side by side
| QQQ (Invesco QQQ Trust) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +26.3% | +26.3% |
| 5-year return | +95.4% | +110.2% |
| Volatility (ann.) | 19.6% | 22.7% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -24.3% |
| Market cap | – | $81.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.44% | 4.05% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Real Estate |
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 | SPG |
|---|---|---|
| 2022 | -32.6% | -21.9% |
| 2023 | +54.9% | +29.2% |
| 2024 | +25.6% | +26.9% |
| 2025 | +20.8% | +12.9% |
| 2026 | +17.7% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPG good diversifiers for each other?
Reasonably. At 0.34, QQQ and SPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SPG?
As of 2026-08-27, the correlation of weekly returns between QQQ and SPG is 0.34 over 3 years, -0.02 over 1 year and 0.46 over 5 years.
Is SPG a good diversifier for QQQ?
Reasonably. At 0.34, QQQ and SPG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SPG correlations
