QQQ vs SRV: Correlation
Invesco QQQ Trust (QQQ) and NXG Cushing Midstream Energy Fund (SRV) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRV?
On 3 years of weekly data the QQQ/SRV correlation comes out at 0.18, weak. The past 12 months show a weaker link (-0.12) than the 3-year average (0.18). The 5-year figure is 0.24, and annualized covariance runs at 87.4 %².
Among the 4755 assets we track against QQQ, SRV ranks #3095 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +25.8% for SRV.
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 SRV: side by side
| QQQ (Invesco QQQ Trust) | SRV (NXG Cushing Midstream Energy Fund) | |
|---|---|---|
| 1-year return | +26.3% | +25.8% |
| 5-year return | +95.4% | +220.3% |
| Volatility (ann.) | 19.6% | 25.1% |
| Beta vs S&P 500 | 1.28 | 0.46 |
| Max drawdown (3Y) | -22.8% | -26.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 3.1 |
| 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 | SRV |
|---|---|---|
| 2022 | -32.6% | +20.1% |
| 2023 | +54.9% | +16.8% |
| 2024 | +25.6% | +50.7% |
| 2025 | +20.8% | +5.0% |
| 2026 | +17.7% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRV good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SRV?
The QQQ/SRV correlation stands at 0.18 on a 3-year window (1 year: -0.12, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is SRV a good diversifier for QQQ?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · SRV correlations
