QQQ vs SPNT: Correlation
Invesco QQQ Trust (QQQ) and SiriusPoint Ltd. (SPNT) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPNT?
Across a 3-year window, the weekly returns of QQQ and SPNT correlate at 0.07, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.07). Stretching to 5 years gives 0.22, with an annualized covariance of 36.3 %².
By 3-year correlation, SPNT places #4075 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +29.3%.
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 SPNT: side by side
| QQQ (Invesco QQQ Trust) | SPNT (SiriusPoint Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +29.3% |
| 5-year return | +95.4% | +141.9% |
| Volatility (ann.) | 19.6% | 27.4% |
| Beta vs S&P 500 | 1.28 | 0.37 |
| Max drawdown (3Y) | -22.8% | -16.3% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | 5.9 |
| Dividend yield | 0.44% | 0.00% |
| 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 | SPNT |
|---|---|---|
| 2022 | -32.6% | -27.4% |
| 2023 | +54.9% | +96.6% |
| 2024 | +25.6% | +41.3% |
| 2025 | +20.8% | +33.6% |
| 2026 | +17.7% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPNT good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SPNT?
The QQQ/SPNT correlation stands at 0.07 on a 3-year window (1 year: -0.11, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is SPNT a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
A reading of 0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-spnt.json
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[](https://www.pairbook.io/pair/qqq-vs-spnt/)
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Related comparisons
Hubs: QQQ correlations · SPNT correlations
