QQQ vs SSP: Correlation
How closely do Invesco QQQ Trust (QQQ) and E.W. Scripps Company (The) (SSP) trade together? Their weekly returns over three years give a correlation of -0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SSP?
On 3 years of weekly data the QQQ/SSP correlation comes out at -0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.05 lands near the 3-year figure. The 5-year figure is 0.08, and annualized covariance runs at -56.7 %².
Among the 4755 assets we track against QQQ, SSP ranks #4591 by 3-year correlation. Over the last 12 months SSP came out ahead by 11.0 percentage points (+26.3% against +37.3%). Risk is not evenly split, since SSP carries 5.5 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 SSP: side by side
| QQQ (Invesco QQQ Trust) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | +26.3% | +37.3% |
| 5-year return | +95.4% | -77.0% |
| Volatility (ann.) | 19.6% | 107.0% |
| Beta vs S&P 500 | 1.28 | 0.27 |
| Max drawdown (3Y) | -22.8% | -84.5% |
| 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 | SSP |
|---|---|---|
| 2022 | -32.6% | -31.8% |
| 2023 | +54.9% | -39.4% |
| 2024 | +25.6% | -72.3% |
| 2025 | +20.8% | +140.1% |
| 2026 | +17.7% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SSP good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SSP?
The QQQ/SSP correlation stands at -0.03 on a 3-year window (1 year: -0.05, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is SSP a good diversifier for QQQ?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 mean?
On the −1 to +1 scale, -0.03 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-ssp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-ssp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SSP correlations
