QQQ vs SXC: Correlation
How closely do Invesco QQQ Trust (QQQ) and SunCoke Energy, Inc. (SXC) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SXC?
Over the past 3 years, QQQ and SXC moved with a correlation of 0.22, which is weak. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.22). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 172.3 %².
By 3-year correlation, SXC places #2593 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months SXC outperformed by 19.6 percentage points (+26.3% for QQQ against +45.9% for SXC). One caveat on sizing: SXC is 2.1 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 SXC: side by side
| QQQ (Invesco QQQ Trust) | SXC (SunCoke Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +45.9% |
| 5-year return | +95.4% | +84.8% |
| Volatility (ann.) | 19.6% | 40.5% |
| Beta vs S&P 500 | 1.28 | 0.74 |
| Max drawdown (3Y) | -22.8% | -52.0% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 4.89% |
| 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 | SXC |
|---|---|---|
| 2022 | -32.6% | +35.9% |
| 2023 | +54.9% | +29.8% |
| 2024 | +25.6% | +4.0% |
| 2025 | +20.8% | -28.6% |
| 2026 | +17.7% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SXC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SXC?
As of 2026-08-27, the correlation of weekly returns between QQQ and SXC is 0.22 over 3 years, 0.08 over 1 year and 0.20 over 5 years.
Is SXC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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-sxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SXC correlations
