QQQ vs SVRN: Correlation
Invesco QQQ Trust (QQQ) and OceanPal Inc. (SVRN) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SVRN?
Over the past 3 years, QQQ and SVRN moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.13) sits close to the 3-year figure. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 228.1 %².
By 3-year correlation, SVRN places #4009 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 98.5 points (+26.3% versus -72.2%). One caveat on sizing: SVRN is 7.9 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 SVRN: side by side
| QQQ (Invesco QQQ Trust) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -72.2% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 153.9% |
| Beta vs S&P 500 | 1.28 | 0.71 |
| Max drawdown (3Y) | -22.8% | -99.7% |
| Market cap | – | – |
| 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 | SVRN |
|---|---|---|
| 2022 | -32.6% | -99.4% |
| 2023 | +54.9% | -90.0% |
| 2024 | +25.6% | -48.0% |
| 2025 | +20.8% | -96.3% |
| 2026 | +17.7% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SVRN good diversifiers for each other?
Yes. With a correlation of 0.08, QQQ and SVRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SVRN?
The QQQ/SVRN correlation stands at 0.08 on a 3-year window (1 year: 0.13, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is SVRN a good diversifier for QQQ?
Yes. With a correlation of 0.08, QQQ and SVRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 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.
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Related comparisons
Hubs: QQQ correlations · SVRN correlations
