QQQ vs STVN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Stevanato Group S.p.A. (STVN) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STVN?
On 3 years of weekly data the QQQ/STVN correlation comes out at 0.25, weak. Lately the two have moved closer together, with the 1-year correlation at 0.42 versus 0.25 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 230.3 %².
By 3-year correlation, STVN places #2178 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 26.4 percentage points (+26.3% for QQQ against -0.1% for STVN). Risk is not evenly split, since STVN carries 2.4 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 STVN: side by side
| QQQ (Invesco QQQ Trust) | STVN (Stevanato Group S.p.A.) | |
|---|---|---|
| 1-year return | +26.3% | -0.1% |
| 5-year return | +95.4% | -6.9% |
| Volatility (ann.) | 19.6% | 47.2% |
| Beta vs S&P 500 | 1.28 | 0.80 |
| Max drawdown (3Y) | -22.8% | -61.0% |
| Market cap | – | $6.1B |
| P/E (trailing) | – | 39.1 |
| 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 | STVN |
|---|---|---|
| 2022 | -32.6% | -19.7% |
| 2023 | +54.9% | +52.2% |
| 2024 | +25.6% | -19.9% |
| 2025 | +20.8% | -7.4% |
| 2026 | +17.7% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STVN good diversifiers for each other?
Reasonably. At 0.25, QQQ and STVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and STVN?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.42 over the last year and 0.32 over 5 years.
Is STVN a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and STVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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-stvn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-stvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · STVN correlations
