QQQ vs STKS: Correlation
How closely do Invesco QQQ Trust (QQQ) and The ONE Group Hospitality, Inc. (STKS) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STKS?
Over the past 3 years, QQQ and STKS moved with a correlation of 0.23, which is weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.23 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 283.1 %².
Within QQQ's tracked universe of 4755 assets, STKS comes in at #2446 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 68.5 percentage points (+26.3% for QQQ against -42.2% for STKS). Note the risk asymmetry: STKS runs 3.2 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 STKS: side by side
| QQQ (Invesco QQQ Trust) | STKS (The ONE Group Hospitality, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -42.2% |
| 5-year return | +95.4% | -85.0% |
| Volatility (ann.) | 19.6% | 63.5% |
| Beta vs S&P 500 | 1.28 | 1.30 |
| Max drawdown (3Y) | -22.8% | -76.5% |
| 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 |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | STKS |
|---|---|---|
| 2022 | -32.6% | -50.0% |
| 2023 | +54.9% | -2.9% |
| 2024 | +25.6% | -52.6% |
| 2025 | +20.8% | -39.7% |
| 2026 | +17.7% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STKS good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and STKS?
As of 2026-08-27, the correlation of weekly returns between QQQ and STKS is 0.23 over 3 years, 0.25 over 1 year and 0.34 over 5 years.
Is STKS a good diversifier for QQQ?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-stks.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-stks/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · STKS correlations
