QQQ vs SVRA: Correlation
Invesco QQQ Trust (QQQ) and Savara, Inc. (SVRA) 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 SVRA?
Across a 3-year window, the weekly returns of QQQ and SVRA correlate at 0.28, weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.28 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 292.6 %².
By 3-year correlation, SVRA places #1777 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months SVRA outperformed by 40.6 percentage points (+26.3% for QQQ against +66.9% for SVRA). Note the risk asymmetry: SVRA runs 2.7 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 SVRA: side by side
| QQQ (Invesco QQQ Trust) | SVRA (Savara, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +66.9% |
| 5-year return | +95.4% | +286.6% |
| Volatility (ann.) | 19.6% | 53.3% |
| Beta vs S&P 500 | 1.28 | 1.15 |
| Max drawdown (3Y) | -22.8% | -65.3% |
| Market cap | – | $1.1B |
| 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, 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 | SVRA |
|---|---|---|
| 2022 | -32.6% | +25.0% |
| 2023 | +54.9% | +203.2% |
| 2024 | +25.6% | -34.7% |
| 2025 | +20.8% | +96.4% |
| 2026 | +17.7% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SVRA good diversifiers for each other?
Reasonably. At 0.28, QQQ and SVRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SVRA?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.26 over the last year and 0.29 over 5 years.
Is SVRA a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and SVRA 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
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Related comparisons
Hubs: QQQ correlations · SVRA correlations
