QQQ vs STEX: Correlation
How closely do Invesco QQQ Trust (QQQ) and Streamex Corp. (STEX) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STEX?
Across a 3-year window, the weekly returns of QQQ and STEX correlate at 0.15, weak. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (0.15). Stretching to 5 years gives 0.17, with an annualized covariance of 546.5 %².
Within QQQ's tracked universe of 4755 assets, STEX comes in at #3400 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 109.0 percentage points (+26.3% for QQQ against -82.7% for STEX). One caveat on sizing: STEX is 9.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 STEX: side by side
| QQQ (Invesco QQQ Trust) | STEX (Streamex Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -82.7% |
| 5-year return | +95.4% | -97.3% |
| Volatility (ann.) | 19.6% | 188.3% |
| Beta vs S&P 500 | 1.28 | 1.71 |
| Max drawdown (3Y) | -22.8% | -96.0% |
| Market cap | – | $0.2B |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | STEX |
|---|---|---|
| 2022 | -32.6% | -81.2% |
| 2023 | +54.9% | +13.1% |
| 2024 | +25.6% | -68.6% |
| 2025 | +20.8% | +103.4% |
| 2026 | +17.7% | -72.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STEX good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and STEX?
As of 2026-08-27, the correlation of weekly returns between QQQ and STEX is 0.15 over 3 years, 0.38 over 1 year and 0.17 over 5 years.
Is STEX a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · STEX correlations
