QQQ vs STNE: Correlation
How closely do Invesco QQQ Trust (QQQ) and StoneCo Ltd. - Class A Common Share (STNE) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STNE?
Across a 3-year window, the weekly returns of QQQ and STNE correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 351.1 %².
Among the 4755 assets we track against QQQ, STNE ranks #875 by 3-year correlation. The last year tells two different stories: QQQ led by 53.6 percentage points, +26.3% for QQQ against -27.3% for STNE. One caveat on sizing: STNE is 2.5 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 STNE: side by side
| QQQ (Invesco QQQ Trust) | STNE (StoneCo Ltd. - Class A Common Share) | |
|---|---|---|
| 1-year return | +26.3% | -27.3% |
| 5-year return | +95.4% | -76.6% |
| Volatility (ann.) | 19.6% | 48.1% |
| Beta vs S&P 500 | 1.28 | 1.41 |
| Max drawdown (3Y) | -22.8% | -57.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | 3.7 |
| 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 | STNE |
|---|---|---|
| 2022 | -32.6% | -44.0% |
| 2023 | +54.9% | +91.0% |
| 2024 | +25.6% | -55.8% |
| 2025 | +20.8% | +85.6% |
| 2026 | +17.7% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STNE good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and STNE?
As of 2026-08-27, the correlation of weekly returns between QQQ and STNE is 0.37 over 3 years, 0.31 over 1 year and 0.42 over 5 years.
Is STNE a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-stne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-stne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · STNE correlations
