QQQ vs STZ: Correlation
Invesco QQQ Trust (QQQ) and Constellation Brands (STZ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and STZ?
On 3 years of weekly data the QQQ/STZ correlation comes out at 0.13, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.13 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 69.9 %².
Within QQQ's tracked universe of 4755 assets, STZ comes in at #3589 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.0 points (+26.3% versus -15.7%). This link changes with the market regime, having swung between -0.05 and 0.49 on a rolling one-year basis.
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 STZ: side by side
| QQQ (Invesco QQQ Trust) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | +26.3% | -15.7% |
| 5-year return | +95.4% | -31.9% |
| Volatility (ann.) | 19.6% | 26.6% |
| Beta vs S&P 500 | 1.28 | 0.41 |
| Max drawdown (3Y) | -22.8% | -51.3% |
| Market cap | – | $22.4B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.44% | 3.04% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Staples |
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 | STZ |
|---|---|---|
| 2022 | -32.6% | -6.4% |
| 2023 | +54.9% | +5.8% |
| 2024 | +25.6% | -7.1% |
| 2025 | +20.8% | -36.0% |
| 2026 | +17.7% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and STZ good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and STZ?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with -0.03 over the last year and 0.28 over 5 years.
Is STZ a good diversifier for QQQ?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · STZ correlations
