QQQ vs STRL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Sterling Infrastructure, Inc. (STRL) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STRL?
Across a 3-year window, the weekly returns of QQQ and STRL correlate at 0.47, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.47). Stretching to 5 years gives 0.37, with an annualized covariance of 619.3 %².
Within QQQ's tracked universe of 4755 assets, STRL comes in at #368 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STRL outperformed by 48.7 percentage points (+26.3% for QQQ against +75.0% for STRL). One caveat on sizing: STRL is 3.4 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 STRL: side by side
| QQQ (Invesco QQQ Trust) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +75.0% |
| 5-year return | +95.4% | +2095.9% |
| Volatility (ann.) | 19.6% | 66.9% |
| Beta vs S&P 500 | 1.28 | 2.13 |
| Max drawdown (3Y) | -22.8% | -51.1% |
| Market cap | – | $15.5B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.44% | 0.00% |
| 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 | STRL |
|---|---|---|
| 2022 | -32.6% | +24.7% |
| 2023 | +54.9% | +168.1% |
| 2024 | +25.6% | +91.6% |
| 2025 | +20.8% | +81.8% |
| 2026 | +17.7% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STRL good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and STRL?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.36 over the last year and 0.37 over 5 years.
Is STRL a good diversifier for QQQ?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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-strl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-strl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · STRL correlations
