QQQ vs SPOK: Correlation
How closely do Invesco QQQ Trust (QQQ) and Spok Holdings, Inc. (SPOK) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPOK?
Across a 3-year window, the weekly returns of QQQ and SPOK correlate at 0.27, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 144.2 %².
By 3-year correlation, SPOK places #1911 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 61.2 percentage points (+26.3% for QQQ against -34.9% for SPOK).
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 SPOK: side by side
| QQQ (Invesco QQQ Trust) | SPOK (Spok Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -34.9% |
| 5-year return | +95.4% | +119.7% |
| Volatility (ann.) | 19.6% | 26.9% |
| Beta vs S&P 500 | 1.28 | 0.60 |
| Max drawdown (3Y) | -22.8% | -39.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 18.2 |
| Dividend yield | 0.44% | 12.00% |
| 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 | SPOK |
|---|---|---|
| 2022 | -32.6% | +2.9% |
| 2023 | +54.9% | +108.0% |
| 2024 | +25.6% | +12.1% |
| 2025 | +20.8% | -10.9% |
| 2026 | +17.7% | -14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPOK good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SPOK?
As of 2026-08-27, the correlation of weekly returns between QQQ and SPOK is 0.27 over 3 years, 0.19 over 1 year and 0.17 over 5 years.
Is SPOK a good diversifier for QQQ?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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-spok.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-spok/)
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Related comparisons
Hubs: QQQ correlations · SPOK correlations
