QQQ vs SVCO: Correlation
Invesco QQQ Trust (QQQ) and Silvaco Group, Inc. (SVCO) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SVCO?
On 3 years of weekly data the QQQ/SVCO correlation comes out at 0.28, weak. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.28). The 5-year figure is n/a, and annualized covariance runs at 457.4 %².
Within QQQ's tracked universe of 4755 assets, SVCO comes in at #1776 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SVCO outperformed by 20.9 percentage points (+26.3% for QQQ against +47.2% for SVCO). One caveat on sizing: SVCO is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SVCO: side by side
| QQQ (Invesco QQQ Trust) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +47.2% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 80.2% |
| Beta vs S&P 500 | 1.28 | 1.47 |
| Max drawdown (3Y) | -22.8% | -83.8% |
| Market cap | – | $0.2B |
| 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 |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SVCO |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -49.9% |
| 2026 | +17.7% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SVCO good diversifiers for each other?
Reasonably. At 0.28, QQQ and SVCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SVCO?
As of 2026-08-27, the correlation of weekly returns between QQQ and SVCO is 0.28 over 3 years, 0.17 over 1 year and n/a over 5 years.
Is SVCO a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and SVCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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-svco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-svco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SVCO correlations
