QQQ vs SPT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sprout Social, Inc (SPT) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPT?
Across a 3-year window, the weekly returns of QQQ and SPT correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 388.1 %².
By 3-year correlation, SPT places #969 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 55.9 percentage points, +26.3% for QQQ against -29.6% for SPT. Risk is not evenly split, since SPT carries 2.8 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 SPT: side by side
| QQQ (Invesco QQQ Trust) | SPT (Sprout Social, Inc) | |
|---|---|---|
| 1-year return | +26.3% | -29.6% |
| 5-year return | +95.4% | -91.0% |
| Volatility (ann.) | 19.6% | 55.5% |
| Beta vs S&P 500 | 1.28 | 1.43 |
| Max drawdown (3Y) | -22.8% | -92.5% |
| Market cap | – | $0.7B |
| 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 |
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 | SPT |
|---|---|---|
| 2022 | -32.6% | -37.7% |
| 2023 | +54.9% | +8.8% |
| 2024 | +25.6% | -50.0% |
| 2025 | +20.8% | -63.3% |
| 2026 | +17.7% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPT good diversifiers for each other?
Reasonably. At 0.36, QQQ and SPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SPT?
The QQQ/SPT correlation stands at 0.36 on a 3-year window (1 year: 0.32, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SPT a good diversifier for QQQ?
Reasonably. At 0.36, QQQ and SPT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-spt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-spt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SPT correlations
