QQQ vs SYPR: Correlation
Invesco QQQ Trust (QQQ) and Sypris Solutions, Inc. (SYPR) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SYPR?
On 3 years of weekly data the QQQ/SYPR correlation comes out at 0.16, weak. The past 12 months show a tighter link (0.32) than the 3-year average (0.16). The 5-year figure is 0.18, and annualized covariance runs at 187.4 %².
Among the 4755 assets we track against QQQ, SYPR ranks #3286 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 40.8 percentage points (+26.3% for QQQ against -14.5% for SYPR). Note the risk asymmetry: SYPR runs 3.0 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 SYPR: side by side
| QQQ (Invesco QQQ Trust) | SYPR (Sypris Solutions, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -14.5% |
| 5-year return | +95.4% | -55.9% |
| Volatility (ann.) | 19.6% | 59.0% |
| Beta vs S&P 500 | 1.28 | 0.58 |
| Max drawdown (3Y) | -22.8% | -59.1% |
| Market cap | – | – |
| 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, 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 | SYPR |
|---|---|---|
| 2022 | -32.6% | -16.7% |
| 2023 | +54.9% | -1.0% |
| 2024 | +25.6% | -12.3% |
| 2025 | +20.8% | +37.1% |
| 2026 | +17.7% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SYPR good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and SYPR?
The QQQ/SYPR correlation stands at 0.16 on a 3-year window (1 year: 0.32, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SYPR a good diversifier for QQQ?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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
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Related comparisons
Hubs: QQQ correlations · SYPR correlations
