QQQ vs SUPN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Supernus Pharmaceuticals, Inc. (SUPN) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SUPN?
On 3 years of weekly data the QQQ/SUPN correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.28 over 1 year against 0.27 over 3. The 5-year figure is 0.28, and annualized covariance runs at 174.3 %².
By 3-year correlation, SUPN places #1914 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 28.3 percentage points, +26.3% for QQQ against -2.0% for SUPN. Risk is not evenly split, since SUPN carries 1.7 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 SUPN: side by side
| QQQ (Invesco QQQ Trust) | SUPN (Supernus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -2.0% |
| 5-year return | +95.4% | +67.3% |
| Volatility (ann.) | 19.6% | 32.5% |
| Beta vs S&P 500 | 1.28 | 0.69 |
| Max drawdown (3Y) | -22.8% | -30.1% |
| Market cap | – | $2.6B |
| 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 | SUPN |
|---|---|---|
| 2022 | -32.6% | +22.3% |
| 2023 | +54.9% | -18.9% |
| 2024 | +25.6% | +24.9% |
| 2025 | +20.8% | +37.4% |
| 2026 | +17.7% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SUPN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SUPN?
As of 2026-08-27, the correlation of weekly returns between QQQ and SUPN is 0.27 over 3 years, 0.28 over 1 year and 0.28 over 5 years.
Is SUPN a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · SUPN correlations
