QQQ vs ST: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sensata Technologies Holding plc (ST) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ST?
On 3 years of weekly data the QQQ/ST correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.46 over 3. The 5-year figure is 0.52, and annualized covariance runs at 320.1 %².
Within QQQ's tracked universe of 4755 assets, ST comes in at #390 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +28.3% for ST. Risk is not evenly split, since ST carries 1.8 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 ST: side by side
| QQQ (Invesco QQQ Trust) | ST (Sensata Technologies Holding plc) | |
|---|---|---|
| 1-year return | +26.3% | +28.3% |
| 5-year return | +95.4% | -25.4% |
| Volatility (ann.) | 19.6% | 36.0% |
| Beta vs S&P 500 | 1.28 | 1.30 |
| Max drawdown (3Y) | -22.8% | -58.4% |
| Market cap | – | $6.2B |
| P/E (trailing) | – | 68.5 |
| Dividend yield | 0.44% | 1.13% |
| 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 | ST |
|---|---|---|
| 2022 | -32.6% | -34.0% |
| 2023 | +54.9% | -5.9% |
| 2024 | +25.6% | -26.1% |
| 2025 | +20.8% | +23.5% |
| 2026 | +17.7% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ST good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and ST?
As of 2026-08-27, the correlation of weekly returns between QQQ and ST is 0.46 over 3 years, 0.41 over 1 year and 0.52 over 5 years.
Is ST a good diversifier for QQQ?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-st.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-st/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · ST correlations
