QQQ vs SWZ: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Total Return Securities Fund (SWZ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SWZ?
Over the past 3 years, QQQ and SWZ moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 90.5 %².
By 3-year correlation, SWZ places #1149 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.5 percentage points (+26.3% for QQQ against -1.2% for SWZ).
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 SWZ: side by side
| QQQ (Invesco QQQ Trust) | SWZ (Total Return Securities Fund) | |
|---|---|---|
| 1-year return | +26.3% | -1.2% |
| 5-year return | +95.4% | +13.9% |
| Volatility (ann.) | 19.6% | 13.7% |
| Beta vs S&P 500 | 1.28 | 0.41 |
| Max drawdown (3Y) | -22.8% | -15.5% |
| Market cap | – | – |
| P/E (trailing) | – | 4.3 |
| Dividend yield | 0.44% | 2.45% |
| 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 | SWZ |
|---|---|---|
| 2022 | -32.6% | -17.7% |
| 2023 | +54.9% | +15.5% |
| 2024 | +25.6% | -2.5% |
| 2025 | +20.8% | +24.1% |
| 2026 | +17.7% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SWZ good diversifiers for each other?
Reasonably. At 0.34, QQQ and SWZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SWZ?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.33 over the last year and 0.55 over 5 years.
Is SWZ a good diversifier for QQQ?
Reasonably. At 0.34, QQQ and SWZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-swz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-swz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SWZ correlations
