QQQ vs SYNA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Synaptics Incorporated (SYNA) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SYNA?
Across a 3-year window, the weekly returns of QQQ and SYNA correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 630.3 %².
Within QQQ's tracked universe of 4755 assets, SYNA comes in at #97 by 3-year correlation. The trailing year gives SYNA the advantage: +26.3% versus +37.8%, a 11.5-point spread. Note the risk asymmetry: SYNA runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SYNA: side by side
| QQQ (Invesco QQQ Trust) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +26.3% | +37.8% |
| 5-year return | +95.4% | -48.2% |
| Volatility (ann.) | 19.6% | 49.6% |
| Beta vs S&P 500 | 1.28 | 2.15 |
| Max drawdown (3Y) | -22.8% | -64.2% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | SYNA |
|---|---|---|
| 2022 | -32.6% | -67.1% |
| 2023 | +54.9% | +19.9% |
| 2024 | +25.6% | -33.1% |
| 2025 | +20.8% | -3.0% |
| 2026 | +17.7% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SYNA good diversifiers for each other?
Only partially. A correlation of 0.65 means QQQ and SYNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and SYNA?
The QQQ/SYNA correlation stands at 0.65 on a 3-year window (1 year: 0.60, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for QQQ?
Only partially. A correlation of 0.65 means QQQ and SYNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 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 · SYNA correlations
