QQQ vs SRCE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and 1st Source Corporation (SRCE) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRCE?
Over the past 3 years, QQQ and SRCE moved with a correlation of 0.21, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.10 versus 0.21 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 102.5 %².
Within QQQ's tracked universe of 4755 assets, SRCE comes in at #2735 by 3-year correlation. The trailing year gives SRCE the advantage: +26.3% versus +37.0%, a 10.7-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 SRCE: side by side
| QQQ (Invesco QQQ Trust) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +37.0% |
| 5-year return | +95.4% | +110.2% |
| Volatility (ann.) | 19.6% | 25.5% |
| Beta vs S&P 500 | 1.28 | 0.61 |
| Max drawdown (3Y) | -22.8% | -21.2% |
| Market cap | – | $2.1B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.44% | 0.93% |
| 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 | SRCE |
|---|---|---|
| 2022 | -32.6% | +9.8% |
| 2023 | +54.9% | +6.5% |
| 2024 | +25.6% | +9.0% |
| 2025 | +20.8% | +9.8% |
| 2026 | +17.7% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRCE good diversifiers for each other?
Reasonably. At 0.21, QQQ and SRCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SRCE?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with -0.10 over the last year and 0.25 over 5 years.
Is SRCE a good diversifier for QQQ?
Reasonably. At 0.21, QQQ and SRCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SRCE correlations
