QQQ vs SPGI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and S&P Global (SPGI) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPGI?
Over the past 3 years, QQQ and SPGI moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.41 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 198.8 %².
By 3-year correlation, SPGI places #581 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 41.9 points (+26.3% versus -15.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.18 to 0.75.
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 SPGI: side by side
| QQQ (Invesco QQQ Trust) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | +26.3% | -15.6% |
| 5-year return | +95.4% | +8.1% |
| Volatility (ann.) | 19.6% | 24.7% |
| Beta vs S&P 500 | 1.28 | 0.86 |
| Max drawdown (3Y) | -22.8% | -30.5% |
| Market cap | – | $128.4B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.44% | 0.88% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | SPGI |
|---|---|---|
| 2022 | -32.6% | -28.4% |
| 2023 | +54.9% | +32.8% |
| 2024 | +25.6% | +13.9% |
| 2025 | +20.8% | +5.7% |
| 2026 | +17.7% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPGI good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SPGI?
As of 2026-08-27, the correlation of weekly returns between QQQ and SPGI is 0.41 over 3 years, 0.16 over 1 year and 0.56 over 5 years.
Is SPGI a good diversifier for QQQ?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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-spgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-spgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SPGI correlations
