QQQ vs STN: Correlation
Invesco QQQ Trust (QQQ) and Stantec Inc (STN) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STN?
Across a 3-year window, the weekly returns of QQQ and STN correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 160.2 %².
Within QQQ's tracked universe of 4755 assets, STN comes in at #1147 by 3-year correlation. The last year tells two different stories: QQQ led by 57.7 percentage points, +26.3% for QQQ against -31.4% for STN.
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 STN: side by side
| QQQ (Invesco QQQ Trust) | STN (Stantec Inc) | |
|---|---|---|
| 1-year return | +26.3% | -31.4% |
| 5-year return | +95.4% | +62.2% |
| Volatility (ann.) | 19.6% | 24.1% |
| Beta vs S&P 500 | 1.28 | 0.70 |
| Max drawdown (3Y) | -22.8% | -41.0% |
| Market cap | – | $8.4B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.44% | 1.25% |
| 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 | STN |
|---|---|---|
| 2022 | -32.6% | -13.8% |
| 2023 | +54.9% | +68.8% |
| 2024 | +25.6% | -1.4% |
| 2025 | +20.8% | +20.7% |
| 2026 | +17.7% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STN good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and STN?
The QQQ/STN correlation stands at 0.34 on a 3-year window (1 year: 0.28, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is STN a good diversifier for QQQ?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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-stn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-stn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · STN correlations
