QQQ vs SPKL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Spark I Acquisition Corp. - Class A (SPKL) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPKL?
On 3 years of weekly data the QQQ/SPKL correlation comes out at 0.11, weak. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 25.6 %².
By 3-year correlation, SPKL places #3786 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.8 percentage points (+26.3% for QQQ against +5.5% for SPKL). Risk is not evenly split, since QQQ 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 SPKL: side by side
| QQQ (Invesco QQQ Trust) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +5.5% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 11.9% |
| Beta vs S&P 500 | 1.28 | 0.07 |
| Max drawdown (3Y) | -22.8% | -15.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | SPKL |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +4.9% |
| 2025 | +20.8% | +7.4% |
| 2026 | +17.7% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPKL good diversifiers for each other?
Yes. With a correlation of 0.11, QQQ and SPKL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SPKL?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.17 over the last year and n/a over 5 years.
Is SPKL a good diversifier for QQQ?
Yes. With a correlation of 0.11, QQQ and SPKL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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-spkl.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: QQQ correlations · SPKL correlations
