QQQ vs SUIG: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sui Group Holdings Limited (SUIG) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SUIG?
Over the past 3 years, QQQ and SUIG moved with a correlation of 0.12, which is weak. The link has tightened recently: the 1-year correlation (0.37) runs above the 3-year figure (0.12). Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 379.3 %².
By 3-year correlation, SUIG places #3697 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 109.7 points (+26.3% versus -83.4%). Risk is not evenly split, since SUIG carries 8.3 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 SUIG: side by side
| QQQ (Invesco QQQ Trust) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | +26.3% | -83.4% |
| 5-year return | +95.4% | -88.3% |
| Volatility (ann.) | 19.6% | 162.1% |
| Beta vs S&P 500 | 1.28 | 1.61 |
| Max drawdown (3Y) | -22.8% | -89.2% |
| Market cap | – | $0.1B |
| 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 | SUIG |
|---|---|---|
| 2022 | -32.6% | -75.1% |
| 2023 | +54.9% | +19.5% |
| 2024 | +25.6% | -20.3% |
| 2025 | +20.8% | -14.4% |
| 2026 | +17.7% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SUIG good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SUIG?
As of 2026-08-27, the correlation of weekly returns between QQQ and SUIG is 0.12 over 3 years, 0.37 over 1 year and 0.10 over 5 years.
Is SUIG a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
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
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Related comparisons
Hubs: QQQ correlations · SUIG correlations
