QQQ vs SPWR: Correlation
Invesco QQQ Trust (QQQ) and SunPower Inc. (SPWR) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SPWR?
On 3 years of weekly data the QQQ/SPWR correlation comes out at 0.19, weak. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 531.0 %².
Within QQQ's tracked universe of 4755 assets, SPWR comes in at #2974 by 3-year correlation. The last year tells two different stories: QQQ led by 106.7 percentage points, +26.3% for QQQ against -80.4% for SPWR. One caveat on sizing: SPWR is 7.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SPWR: side by side
| QQQ (Invesco QQQ Trust) | SPWR (SunPower Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -80.4% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 146.1% |
| Beta vs S&P 500 | 1.28 | 1.97 |
| Max drawdown (3Y) | -22.8% | -92.9% |
| 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 | SPWR |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +11.5% |
| 2025 | +20.8% | -12.3% |
| 2026 | +17.7% | -81.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SPWR good diversifiers for each other?
Yes. With a correlation of 0.19, QQQ and SPWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SPWR?
The QQQ/SPWR correlation stands at 0.19 on a 3-year window (1 year: 0.14, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is SPWR a good diversifier for QQQ?
Yes. With a correlation of 0.19, QQQ and SPWR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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-spwr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-spwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SPWR correlations
