QQQ vs SQM: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sociedad Quimica y Minera S.A. (SQM) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SQM?
On 3 years of weekly data the QQQ/SQM correlation comes out at 0.27, weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 236.0 %².
By 3-year correlation, SQM places #1912 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with SQM ahead by 47.0 points (+26.3% versus +73.3%). Risk is not evenly split, since SQM carries 2.3 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 SQM: side by side
| QQQ (Invesco QQQ Trust) | SQM (Sociedad Quimica y Minera S.A.) | |
|---|---|---|
| 1-year return | +26.3% | +73.3% |
| 5-year return | +95.4% | +90.7% |
| Volatility (ann.) | 19.6% | 45.5% |
| Beta vs S&P 500 | 1.28 | 0.78 |
| Max drawdown (3Y) | -22.8% | -51.3% |
| Market cap | – | $23.0B |
| P/E (trailing) | – | 16.1 |
| 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 | SQM |
|---|---|---|
| 2022 | -32.6% | +71.8% |
| 2023 | +54.9% | -18.3% |
| 2024 | +25.6% | -39.4% |
| 2025 | +20.8% | +89.2% |
| 2026 | +17.7% | +18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SQM good diversifiers for each other?
Reasonably. At 0.27, QQQ and SQM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SQM?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.26 over the last year and 0.31 over 5 years.
Is SQM a good diversifier for QQQ?
Reasonably. At 0.27, QQQ and SQM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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-sqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sqm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SQM correlations
