QQQ vs SXT: Correlation
Invesco QQQ Trust (QQQ) and Sensient Technologies Corporation (SXT) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SXT?
Over the past 3 years, QQQ and SXT moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.19 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 159.4 %².
Within QQQ's tracked universe of 4755 assets, SXT comes in at #2320 by 3-year correlation. Over the last 12 months QQQ came out ahead by 6.8 percentage points (+26.3% against +19.5%). One caveat on sizing: SXT is 1.7 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 SXT: side by side
| QQQ (Invesco QQQ Trust) | SXT (Sensient Technologies Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +19.5% |
| 5-year return | +95.4% | +70.0% |
| Volatility (ann.) | 19.6% | 34.2% |
| Beta vs S&P 500 | 1.28 | 0.65 |
| Max drawdown (3Y) | -22.8% | -30.7% |
| Market cap | – | $5.7B |
| P/E (trailing) | – | 36.9 |
| Dividend yield | 0.44% | 1.20% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | SXT |
|---|---|---|
| 2022 | -32.6% | -25.6% |
| 2023 | +54.9% | -7.2% |
| 2024 | +25.6% | +10.5% |
| 2025 | +20.8% | +34.2% |
| 2026 | +17.7% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SXT good diversifiers for each other?
Reasonably. At 0.24, QQQ and SXT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SXT?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.19 over the last year and 0.39 over 5 years.
Is SXT a good diversifier for QQQ?
Reasonably. At 0.24, QQQ and SXT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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-sxt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-sxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SXT correlations
