QQQ vs SUNE: Correlation
Invesco QQQ Trust (QQQ) and SUNation Energy, Inc. (SUNE) show a near-zero relationship: their 3-year correlation of weekly returns is -0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SUNE?
Across a 3-year window, the weekly returns of QQQ and SUNE correlate at -0.04, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. Stretching to 5 years gives 0.01, with an annualized covariance of -146.3 %².
Within QQQ's tracked universe of 4755 assets, SUNE comes in at #4610 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SUNE ahead by 20.4 points (+26.3% versus +46.7%). Note the risk asymmetry: SUNE runs 9.7 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 SUNE: side by side
| QQQ (Invesco QQQ Trust) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +46.7% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 189.9% |
| Beta vs S&P 500 | 1.28 | -0.81 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 1.1 |
| 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 | SUNE |
|---|---|---|
| 2022 | -32.6% | -75.7% |
| 2023 | +54.9% | -74.7% |
| 2024 | +25.6% | -99.4% |
| 2025 | +20.8% | -99.8% |
| 2026 | +17.7% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SUNE good diversifiers for each other?
Yes. With a correlation of -0.04, QQQ and SUNE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SUNE?
The QQQ/SUNE correlation stands at -0.04 on a 3-year window (1 year: 0.05, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is SUNE a good diversifier for QQQ?
Yes. With a correlation of -0.04, QQQ and SUNE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.04 mean?
On the −1 to +1 scale, -0.04 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-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SUNE correlations
