QQQ vs SRXH: Correlation
How closely do Invesco QQQ Trust (QQQ) and SRX Global Inc. (SRXH) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRXH?
Across a 3-year window, the weekly returns of QQQ and SRXH correlate at 0.06, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.12 over 1 year against 0.06 over 3. Stretching to 5 years gives 0.08, with an annualized covariance of 141.5 %².
Within QQQ's tracked universe of 4755 assets, SRXH comes in at #4141 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 118.2 percentage points (+26.3% for QQQ against -91.9% for SRXH). Note the risk asymmetry: SRXH runs 5.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SRXH: side by side
| QQQ (Invesco QQQ Trust) | SRXH (SRX Global Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -91.9% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 116.5% |
| Beta vs S&P 500 | 1.28 | 0.40 |
| Max drawdown (3Y) | -22.8% | -99.8% |
| Market cap | – | – |
| 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 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 | SRXH |
|---|---|---|
| 2022 | -32.6% | -83.3% |
| 2023 | +54.9% | -48.6% |
| 2024 | +25.6% | -78.8% |
| 2025 | +20.8% | -86.9% |
| 2026 | +17.7% | -86.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRXH good diversifiers for each other?
Yes. With a correlation of 0.06, QQQ and SRXH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SRXH?
The QQQ/SRXH correlation stands at 0.06 on a 3-year window (1 year: 0.12, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is SRXH a good diversifier for QQQ?
Yes. With a correlation of 0.06, QQQ and SRXH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-srxh.json
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Related comparisons
Hubs: QQQ correlations · SRXH correlations
