QQQ vs SWKS: Correlation
Invesco QQQ Trust (QQQ) and Skyworks Solutions (SWKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SWKS?
On 3 years of weekly data the QQQ/SWKS correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 391.3 %².
Within QQQ's tracked universe of 4755 assets, SWKS comes in at #287 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.0 points (+26.3% versus -8.7%). On a rolling one-year basis the correlation drifted between 0.33 and 0.70, a moderate band. Risk is not evenly split, since SWKS carries 2.0 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 SWKS: side by side
| QQQ (Invesco QQQ Trust) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +26.3% | -8.7% |
| 5-year return | +95.4% | -58.3% |
| Volatility (ann.) | 19.6% | 40.0% |
| Beta vs S&P 500 | 1.28 | 1.43 |
| Max drawdown (3Y) | -22.8% | -58.2% |
| Market cap | – | $10.1B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.44% | 4.26% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Information Technology |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SWKS |
|---|---|---|
| 2022 | -32.6% | -39.9% |
| 2023 | +54.9% | +26.5% |
| 2024 | +25.6% | -18.9% |
| 2025 | +20.8% | -25.5% |
| 2026 | +17.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SWKS good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and SWKS?
As of 2026-08-27, the correlation of weekly returns between QQQ and SWKS is 0.50 over 3 years, 0.40 over 1 year and 0.59 over 5 years.
Is SWKS a good diversifier for QQQ?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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 · SWKS correlations
