QQQ vs STKE: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sol Strategies Inc. (STKE) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STKE?
Over the past 3 years, QQQ and STKE moved with a correlation of 0.28, which is weak. The link has tightened recently: the 1-year correlation (0.40) runs above the 3-year figure (0.28). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1025.8 %².
By 3-year correlation, STKE places #1775 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 108.3 percentage points (+26.3% for QQQ against -82.0% for STKE). Note the risk asymmetry: STKE runs 9.6 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 STKE: side by side
| QQQ (Invesco QQQ Trust) | STKE (Sol Strategies Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -82.0% |
| 5-year return | +95.4% | +19.6% |
| Volatility (ann.) | 19.6% | 187.9% |
| Beta vs S&P 500 | 1.28 | 3.39 |
| Max drawdown (3Y) | -22.8% | -97.4% |
| Market cap | – | $0.1B |
| 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 | STKE |
|---|---|---|
| 2022 | -32.6% | -63.5% |
| 2023 | +54.9% | +62.0% |
| 2024 | +25.6% | +2467.9% |
| 2025 | +20.8% | -90.8% |
| 2026 | +17.7% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STKE good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and STKE?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.40 over the last year and 0.21 over 5 years.
Is STKE a good diversifier for QQQ?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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 · STKE correlations
