QQQ vs STGW: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Stagwell Inc. (STGW) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STGW?
Across a 3-year window, the weekly returns of QQQ and STGW correlate at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.32). Stretching to 5 years gives 0.38, with an annualized covariance of 307.2 %².
By 3-year correlation, STGW places #1341 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months STGW outperformed by 32.8 percentage points (+26.3% for QQQ against +59.1% for STGW). Note the risk asymmetry: STGW runs 2.5 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 STGW: side by side
| QQQ (Invesco QQQ Trust) | STGW (Stagwell Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +59.1% |
| 5-year return | +95.4% | +30.4% |
| Volatility (ann.) | 19.6% | 49.1% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -22.8% | -48.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | 148.0 |
| 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 | STGW |
|---|---|---|
| 2022 | -32.6% | -28.4% |
| 2023 | +54.9% | +6.8% |
| 2024 | +25.6% | -0.8% |
| 2025 | +20.8% | -25.7% |
| 2026 | +17.7% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STGW good diversifiers for each other?
Reasonably. At 0.32, QQQ and STGW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and STGW?
As of 2026-08-27, the correlation of weekly returns between QQQ and STGW is 0.32 over 3 years, 0.19 over 1 year and 0.38 over 5 years.
Is STGW a good diversifier for QQQ?
Reasonably. At 0.32, QQQ and STGW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-stgw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-stgw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · STGW correlations
