QQQ vs SRPT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sarepta Therapeutics, Inc. (SRPT) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRPT?
Across a 3-year window, the weekly returns of QQQ and SRPT correlate at 0.21, weak. The past 12 months show a tighter link (0.40) than the 3-year average (0.21). Stretching to 5 years gives 0.22, with an annualized covariance of 311.4 %².
Among the 4755 assets we track against QQQ, SRPT ranks #2737 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +19.5%, a 6.8-point spread. Risk is not evenly split, since SRPT carries 3.9 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 SRPT: side by side
| QQQ (Invesco QQQ Trust) | SRPT (Sarepta Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +19.5% |
| 5-year return | +95.4% | -71.5% |
| Volatility (ann.) | 19.6% | 75.7% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -22.8% | -92.7% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | – |
| 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 | SRPT |
|---|---|---|
| 2022 | -32.6% | +43.9% |
| 2023 | +54.9% | -25.6% |
| 2024 | +25.6% | +26.1% |
| 2025 | +20.8% | -82.3% |
| 2026 | +17.7% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SRPT?
As of 2026-08-27, the correlation of weekly returns between QQQ and SRPT is 0.21 over 3 years, 0.40 over 1 year and 0.22 over 5 years.
Is SRPT a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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 · SRPT correlations
