QQQ vs SWIM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Latham Group, Inc. (SWIM) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SWIM?
On 3 years of weekly data the QQQ/SWIM correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.30 over 3. The 5-year figure is 0.37, and annualized covariance runs at 427.5 %².
Within QQQ's tracked universe of 4755 assets, SWIM comes in at #1537 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.4 percentage points (+26.3% for QQQ against -15.1% for SWIM). Risk is not evenly split, since SWIM carries 3.7 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 SWIM: side by side
| QQQ (Invesco QQQ Trust) | SWIM (Latham Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -15.1% |
| 5-year return | +95.4% | -68.5% |
| Volatility (ann.) | 19.6% | 72.5% |
| Beta vs S&P 500 | 1.28 | 1.70 |
| Max drawdown (3Y) | -22.8% | -44.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 139.6 |
| 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 | SWIM |
|---|---|---|
| 2022 | -32.6% | -87.1% |
| 2023 | +54.9% | -18.3% |
| 2024 | +25.6% | +164.6% |
| 2025 | +20.8% | -8.8% |
| 2026 | +17.7% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SWIM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SWIM?
As of 2026-08-27, the correlation of weekly returns between QQQ and SWIM is 0.30 over 3 years, 0.37 over 1 year and 0.37 over 5 years.
Is SWIM a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-swim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-swim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SWIM correlations
