QQQ vs STNG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Scorpio Tankers Inc. (STNG) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STNG?
On 3 years of weekly data the QQQ/STNG correlation comes out at 0.13, weak. Little has changed lately, as the 1-year reading of 0.08 lands near the 3-year figure. The 5-year figure is 0.07, and annualized covariance runs at 96.6 %².
By 3-year correlation, STNG places #3588 of the 4755 assets tracked against QQQ. The last year tells two different stories: STNG led by 32.0 percentage points, +26.3% for QQQ against +58.3% for STNG. Risk is not evenly split, since STNG carries 1.9 times the volatility of the other side.
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 STNG: side by side
| QQQ (Invesco QQQ Trust) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +58.3% |
| 5-year return | +95.4% | +454.0% |
| Volatility (ann.) | 19.6% | 36.8% |
| Beta vs S&P 500 | 1.28 | 0.42 |
| Max drawdown (3Y) | -22.8% | -61.0% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 4.7 |
| Dividend yield | 0.44% | 2.30% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | STNG |
|---|---|---|
| 2022 | -32.6% | +325.5% |
| 2023 | +54.9% | +15.4% |
| 2024 | +25.6% | -16.3% |
| 2025 | +20.8% | +5.3% |
| 2026 | +17.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STNG good diversifiers for each other?
Yes. With a correlation of 0.13, QQQ and STNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and STNG?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with 0.08 over the last year and 0.07 over 5 years.
Is STNG a good diversifier for QQQ?
Yes. With a correlation of 0.13, QQQ and STNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 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-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · STNG correlations
