QQQ vs SR: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Spire Inc. (SR) carry a correlation of -0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SR?
Over the past 3 years, QQQ and SR moved with a correlation of -0.04, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.22) than the 3-year average (-0.04). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is -14.1 %².
By 3-year correlation, SR places #4608 of the 4755 assets tracked against QQQ. The trailing year gives QQQ the advantage: +26.3% versus +11.6%, a 14.7-point spread.
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 SR: side by side
| QQQ (Invesco QQQ Trust) | SR (Spire Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +11.6% |
| 5-year return | +95.4% | +53.3% |
| Volatility (ann.) | 19.6% | 19.6% |
| Beta vs S&P 500 | 1.28 | 0.17 |
| Max drawdown (3Y) | -22.8% | -19.4% |
| Market cap | – | $4.9B |
| P/E (trailing) | – | 18.2 |
| Dividend yield | 0.44% | 3.90% |
| 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 | SR |
|---|---|---|
| 2022 | -32.6% | +9.8% |
| 2023 | +54.9% | -5.3% |
| 2024 | +25.6% | +14.1% |
| 2025 | +20.8% | +27.1% |
| 2026 | +17.7% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SR good diversifiers for each other?
By historical standards, yes. A correlation of -0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SR?
The QQQ/SR correlation stands at -0.04 on a 3-year window (1 year: -0.22, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is SR a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.04 means the two rarely move for the same reasons.
What does a correlation of -0.04 mean?
A reading of -0.04 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-sr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SR correlations
