QQQ vs SRZN: Correlation
Invesco QQQ Trust (QQQ) and Surrozen, Inc. (SRZN) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SRZN?
On 3 years of weekly data the QQQ/SRZN correlation comes out at -0.02, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.02). The 5-year figure is 0.06, and annualized covariance runs at -40.5 %².
By 3-year correlation, SRZN places #4564 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months SRZN outperformed by 84.3 percentage points (+26.3% for QQQ against +110.6% for SRZN). Note the risk asymmetry: SRZN runs 4.4 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 SRZN: side by side
| QQQ (Invesco QQQ Trust) | SRZN (Surrozen, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +110.6% |
| 5-year return | +95.4% | -80.6% |
| Volatility (ann.) | 19.6% | 85.6% |
| Beta vs S&P 500 | 1.28 | 0.14 |
| Max drawdown (3Y) | -22.8% | -61.8% |
| Market cap | – | $0.3B |
| 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 | SRZN |
|---|---|---|
| 2022 | -32.6% | -91.0% |
| 2023 | +54.9% | +7.7% |
| 2024 | +25.6% | +52.7% |
| 2025 | +20.8% | +57.5% |
| 2026 | +17.7% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SRZN good diversifiers for each other?
Yes. With a correlation of -0.02, QQQ and SRZN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SRZN?
The QQQ/SRZN correlation stands at -0.02 on a 3-year window (1 year: 0.15, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is SRZN a good diversifier for QQQ?
Yes. With a correlation of -0.02, QQQ and SRZN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 mean?
A reading of -0.02 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-srzn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-srzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SRZN correlations
