QQQ vs SRE: Correlation
Invesco QQQ Trust (QQQ) and Sempra (SRE) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRE?
On 3 years of weekly data the QQQ/SRE correlation comes out at 0.15, weak. The past 12 months show a weaker link (-0.24) than the 3-year average (0.15). The 5-year figure is 0.24, and annualized covariance runs at 71.2 %².
Among the 4755 assets we track against QQQ, SRE ranks #3399 by 3-year correlation. The last year tells two different stories: QQQ led by 20.3 percentage points, +26.3% for QQQ against +6.0% for SRE. This link changes with the market regime, having swung between -0.30 and 0.50 on a rolling one-year basis.
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 SRE: side by side
| QQQ (Invesco QQQ Trust) | SRE (Sempra) | |
|---|---|---|
| 1-year return | +26.3% | +6.0% |
| 5-year return | +95.4% | +50.4% |
| Volatility (ann.) | 19.6% | 23.9% |
| Beta vs S&P 500 | 1.28 | 0.38 |
| Max drawdown (3Y) | -22.8% | -31.6% |
| Market cap | – | $55.4B |
| P/E (trailing) | – | 24.7 |
| Dividend yield | 0.44% | 3.06% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Utilities |
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 | SRE |
|---|---|---|
| 2022 | -32.6% | +20.3% |
| 2023 | +54.9% | -0.1% |
| 2024 | +25.6% | +21.1% |
| 2025 | +20.8% | +3.9% |
| 2026 | +17.7% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRE good diversifiers for each other?
Yes. With a correlation of 0.15, QQQ and SRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SRE?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with -0.24 over the last year and 0.24 over 5 years.
Is SRE a good diversifier for QQQ?
Yes. With a correlation of 0.15, QQQ and SRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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-sre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-sre/)
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Related comparisons
Hubs: QQQ correlations · SRE correlations
