QQQ vs SVC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Service Properties Trust (SVC) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SVC?
Across a 3-year window, the weekly returns of QQQ and SVC correlate at 0.24, weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.24 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 241.2 %².
Within QQQ's tracked universe of 4755 assets, SVC comes in at #2319 by 3-year correlation. The last year tells two different stories: QQQ led by 69.1 percentage points, +26.3% for QQQ against -42.8% for SVC. Note the risk asymmetry: SVC runs 2.6 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 SVC: side by side
| QQQ (Invesco QQQ Trust) | SVC (Service Properties Trust) | |
|---|---|---|
| 1-year return | +26.3% | -42.8% |
| 5-year return | +95.4% | -82.5% |
| Volatility (ann.) | 19.6% | 51.8% |
| Beta vs S&P 500 | 1.28 | 1.12 |
| Max drawdown (3Y) | -22.8% | -84.7% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 2.55% |
| 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 | SVC |
|---|---|---|
| 2022 | -32.6% | -14.5% |
| 2023 | +54.9% | +29.1% |
| 2024 | +25.6% | -67.3% |
| 2025 | +20.8% | -26.3% |
| 2026 | +17.7% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SVC good diversifiers for each other?
Reasonably. At 0.24, QQQ and SVC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SVC?
The QQQ/SVC correlation stands at 0.24 on a 3-year window (1 year: 0.21, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is SVC a good diversifier for QQQ?
Reasonably. At 0.24, QQQ and SVC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: QQQ correlations · SVC correlations
