QQQ vs SRAD: Correlation
Invesco QQQ Trust (QQQ) and Sportradar Group AG - Class A (SRAD) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRAD?
Over the past 3 years, QQQ and SRAD moved with a correlation of 0.29, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.29 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 242.7 %².
Within QQQ's tracked universe of 4755 assets, SRAD comes in at #1661 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 85.5 points (+26.3% versus -59.2%). One caveat on sizing: SRAD is 2.2 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 SRAD: side by side
| QQQ (Invesco QQQ Trust) | SRAD (Sportradar Group AG - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -59.2% |
| 5-year return | +95.4% | -49.0% |
| Volatility (ann.) | 19.6% | 42.2% |
| Beta vs S&P 500 | 1.28 | 0.97 |
| Max drawdown (3Y) | -22.8% | -61.2% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 213.0 |
| 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 | SRAD |
|---|---|---|
| 2022 | -32.6% | -43.3% |
| 2023 | +54.9% | +10.9% |
| 2024 | +25.6% | +56.9% |
| 2025 | +20.8% | +37.1% |
| 2026 | +17.7% | -46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRAD good diversifiers for each other?
Reasonably. At 0.29, QQQ and SRAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SRAD?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.15 over the last year and 0.42 over 5 years.
Is SRAD a good diversifier for QQQ?
Reasonably. At 0.29, QQQ and SRAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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.
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Related comparisons
Hubs: QQQ correlations · SRAD correlations
