QQQ vs SWAG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Stran & Company, Inc. (SWAG) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SWAG?
On 3 years of weekly data the QQQ/SWAG correlation comes out at 0.19, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.19 over 3. The 5-year figure is 0.17, and annualized covariance runs at 221.5 %².
Within QQQ's tracked universe of 4755 assets, SWAG comes in at #2976 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.7 percentage points (+26.3% for QQQ against +5.6% for SWAG). Risk is not evenly split, since SWAG 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 SWAG: side by side
| QQQ (Invesco QQQ Trust) | SWAG (Stran & Company, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +5.6% |
| 5-year return | +95.4% | -56.8% |
| Volatility (ann.) | 19.6% | 59.3% |
| Beta vs S&P 500 | 1.28 | 1.00 |
| Max drawdown (3Y) | -22.8% | -56.0% |
| Market cap | – | – |
| P/E (trailing) | – | 171.0 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | SWAG |
|---|---|---|
| 2022 | -32.6% | -77.9% |
| 2023 | +54.9% | +10.4% |
| 2024 | +25.6% | -39.2% |
| 2025 | +20.8% | +84.4% |
| 2026 | +17.7% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SWAG good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SWAG?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.18 over the last year and 0.17 over 5 years.
Is SWAG a good diversifier for QQQ?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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-swag.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-swag/)
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Related comparisons
Hubs: QQQ correlations · SWAG correlations
