QQQ vs SW: Correlation
How closely do Invesco QQQ Trust (QQQ) and Smurfit Westrock (SW) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SW?
On 3 years of weekly data the QQQ/SW correlation comes out at 0.25, weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.25 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 193.8 %².
By 3-year correlation, SW places #2181 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.6 points (+26.3% versus +9.7%). The rolling one-year correlation moved between 0.07 and 0.48 over the past three years, a moderate range. One caveat on sizing: SW is 2.0 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 SW: side by side
| QQQ (Invesco QQQ Trust) | SW (Smurfit Westrock) | |
|---|---|---|
| 1-year return | +26.3% | +9.7% |
| 5-year return | +95.4% | +2.6% |
| Volatility (ann.) | 19.6% | 40.1% |
| Beta vs S&P 500 | 1.28 | 0.92 |
| Max drawdown (3Y) | -22.8% | -40.5% |
| Market cap | – | $25.5B |
| P/E (trailing) | – | 51.7 |
| Dividend yield | 0.44% | 3.57% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Materials |
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 | SW |
|---|---|---|
| 2022 | -32.6% | -28.0% |
| 2023 | +54.9% | +14.1% |
| 2024 | +25.6% | +37.6% |
| 2025 | +20.8% | -26.2% |
| 2026 | +17.7% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SW good diversifiers for each other?
Reasonably. At 0.25, QQQ and SW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SW?
The QQQ/SW correlation stands at 0.25 on a 3-year window (1 year: 0.09, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is SW a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and SW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SW correlations
