QQQ vs STTK: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Shattuck Labs, Inc. (STTK) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STTK?
On 3 years of weekly data the QQQ/STTK correlation comes out at 0.23, weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.23). The 5-year figure is 0.21, and annualized covariance runs at 640.3 %².
Among the 4755 assets we track against QQQ, STTK ranks #2448 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STTK outperformed by 638.7 percentage points (+26.3% for QQQ against +665.0% for STTK). Note the risk asymmetry: STTK runs 7.4 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 STTK: side by side
| QQQ (Invesco QQQ Trust) | STTK (Shattuck Labs, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +665.0% |
| 5-year return | +95.4% | -63.7% |
| Volatility (ann.) | 19.6% | 145.0% |
| Beta vs S&P 500 | 1.28 | 2.32 |
| Max drawdown (3Y) | -22.8% | -93.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | STTK |
|---|---|---|
| 2022 | -32.6% | -73.0% |
| 2023 | +54.9% | +210.0% |
| 2024 | +25.6% | -83.0% |
| 2025 | +20.8% | +201.7% |
| 2026 | +17.7% | +109.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STTK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and STTK?
The QQQ/STTK correlation stands at 0.23 on a 3-year window (1 year: 0.07, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is STTK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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 · STTK correlations
