QQQ vs SUGP: Correlation
Invesco QQQ Trust (QQQ) and SU Group Holdings Limited - Class A (SUGP) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SUGP?
Over the past 3 years, QQQ and SUGP moved with a correlation of 0.12, which is weak. The past 12 months show a weaker link (-0.10) than the 3-year average (0.12). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 329.5 %².
Within QQQ's tracked universe of 4755 assets, SUGP comes in at #3696 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 123.3 points (+26.3% versus -97.0%). Note the risk asymmetry: SUGP runs 7.3 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 SUGP: side by side
| QQQ (Invesco QQQ Trust) | SUGP (SU Group Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -97.0% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 143.4% |
| Beta vs S&P 500 | 1.28 | 1.47 |
| Max drawdown (3Y) | -22.8% | -99.8% |
| Market cap | – | – |
| 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 |
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 | SUGP |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -44.7% |
| 2026 | +17.7% | -97.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SUGP good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SUGP?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is SUGP a good diversifier for QQQ?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
A reading of 0.12 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-sugp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sugp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SUGP correlations
