QQQ vs SVM: Correlation
Invesco QQQ Trust (QQQ) and Silvercorp Metals Inc. (SVM) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SVM?
Across a 3-year window, the weekly returns of QQQ and SVM correlate at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.30). Stretching to 5 years gives 0.31, with an annualized covariance of 348.3 %².
By 3-year correlation, SVM places #1536 of the 4755 assets tracked against QQQ. The last year tells two different stories: SVM led by 161.6 percentage points, +26.3% for QQQ against +187.9% for SVM. Risk is not evenly split, since SVM carries 3.0 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 SVM: side by side
| QQQ (Invesco QQQ Trust) | SVM (Silvercorp Metals Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +187.9% |
| 5-year return | +95.4% | +222.0% |
| Volatility (ann.) | 19.6% | 59.2% |
| Beta vs S&P 500 | 1.28 | 1.33 |
| Max drawdown (3Y) | -22.8% | -43.8% |
| Market cap | – | $3.0B |
| P/E (trailing) | – | 122.4 |
| Dividend yield | 0.44% | 0.19% |
| 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 | SVM |
|---|---|---|
| 2022 | -32.6% | -20.6% |
| 2023 | +54.9% | -10.3% |
| 2024 | +25.6% | +14.9% |
| 2025 | +20.8% | +178.8% |
| 2026 | +17.7% | +61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SVM good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SVM?
The QQQ/SVM correlation stands at 0.30 on a 3-year window (1 year: 0.41, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is SVM a good diversifier for QQQ?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-svm.json
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Hubs: QQQ correlations · SVM correlations
