QQQ vs SYK: Correlation
How closely do Invesco QQQ Trust (QQQ) and Stryker Corporation (SYK) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SYK?
On 3 years of weekly data the QQQ/SYK correlation comes out at 0.29, weak. The past 12 months show a weaker link (0.04) than the 3-year average (0.29). The 5-year figure is 0.48, and annualized covariance runs at 121.5 %².
Within QQQ's tracked universe of 4755 assets, SYK comes in at #1663 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 43.5 points (+26.3% versus -17.2%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.00 and 0.58 over the past three years, so this pair behaves very differently depending on the market environment.
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 SYK: side by side
| QQQ (Invesco QQQ Trust) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -17.2% |
| 5-year return | +95.4% | +23.8% |
| Volatility (ann.) | 19.6% | 21.5% |
| Beta vs S&P 500 | 1.28 | 0.61 |
| Max drawdown (3Y) | -22.8% | -29.4% |
| Market cap | – | $123.6B |
| P/E (trailing) | – | 34.1 |
| Dividend yield | 0.44% | 1.06% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SYK |
|---|---|---|
| 2022 | -32.6% | -7.4% |
| 2023 | +54.9% | +23.8% |
| 2024 | +25.6% | +21.3% |
| 2025 | +20.8% | -1.5% |
| 2026 | +17.7% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SYK good diversifiers for each other?
Reasonably. At 0.29, QQQ and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SYK?
As of 2026-08-27, the correlation of weekly returns between QQQ and SYK is 0.29 over 3 years, 0.04 over 1 year and 0.48 over 5 years.
Is SYK a good diversifier for QQQ?
Reasonably. At 0.29, QQQ and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SYK correlations
