QQQ vs SU: Correlation
How closely do Invesco QQQ Trust (QQQ) and Suncor Energy Inc. (SU) trade together? Their weekly returns over three years give a correlation of -0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SU?
On 3 years of weekly data the QQQ/SU correlation comes out at -0.04, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.04). The 5-year figure is 0.05, and annualized covariance runs at -24.1 %².
Among the 4755 assets we track against QQQ, SU ranks #4609 by 3-year correlation. The last year tells two different stories: SU led by 38.0 percentage points, +26.3% for QQQ against +64.3% for SU.
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 SU: side by side
| QQQ (Invesco QQQ Trust) | SU (Suncor Energy Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +64.3% |
| 5-year return | +95.4% | +325.4% |
| Volatility (ann.) | 19.6% | 29.1% |
| Beta vs S&P 500 | 1.28 | 0.13 |
| Max drawdown (3Y) | -22.8% | -22.7% |
| Market cap | – | $78.4B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.44% | 3.61% |
| 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 | SU |
|---|---|---|
| 2022 | -32.6% | +32.3% |
| 2023 | +54.9% | +6.0% |
| 2024 | +25.6% | +16.2% |
| 2025 | +20.8% | +27.1% |
| 2026 | +17.7% | +51.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SU good diversifiers for each other?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SU?
As of 2026-08-27, the correlation of weekly returns between QQQ and SU is -0.04 over 3 years, -0.45 over 1 year and 0.05 over 5 years.
Is SU a good diversifier for QQQ?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.04 mean?
A reading of -0.04 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-su.json
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Related comparisons
Hubs: QQQ correlations · SU correlations
