QQQ vs STRW: Correlation
How closely do Invesco QQQ Trust (QQQ) and Strawberry Fields REIT, Inc. (STRW) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STRW?
On 3 years of weekly data the QQQ/STRW correlation comes out at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.15 over 1 year against 0.05 over 3. The 5-year figure is n/a, and annualized covariance runs at 29.3 %².
Among the 4755 assets we track against QQQ, STRW ranks #4225 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +22.4% for STRW. Note the risk asymmetry: STRW runs 1.6 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 STRW: side by side
| QQQ (Invesco QQQ Trust) | STRW (Strawberry Fields REIT, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +22.4% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 32.1% |
| Beta vs S&P 500 | 1.28 | 0.19 |
| Max drawdown (3Y) | -22.8% | -26.6% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 21.1 |
| Dividend yield | 0.44% | 2.33% |
| 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 | STRW |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +43.9% |
| 2025 | +20.8% | +30.5% |
| 2026 | +17.7% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STRW good diversifiers for each other?
Yes. With a correlation of 0.05, QQQ and STRW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and STRW?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is STRW a good diversifier for QQQ?
Yes. With a correlation of 0.05, QQQ and STRW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 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.
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Related comparisons
Hubs: QQQ correlations · STRW correlations
