QQQ vs YETI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and YETI Holdings, Inc. (YETI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and YETI?
On 3 years of weekly data the QQQ/YETI correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.36 over 3. The 5-year figure is 0.52, and annualized covariance runs at 281.4 %².
Among the 4755 assets we track against QQQ, YETI ranks #979 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +15.6%, a 10.7-point spread. Risk is not evenly split, since YETI carries 2.0 times the volatility of the other side.
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 YETI: side by side
| QQQ (Invesco QQQ Trust) | YETI (YETI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +15.6% |
| 5-year return | +95.4% | -58.8% |
| Volatility (ann.) | 19.6% | 39.9% |
| Beta vs S&P 500 | 1.28 | 1.17 |
| Max drawdown (3Y) | -22.8% | -49.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 18.4 |
| 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 | YETI |
|---|---|---|
| 2022 | -32.6% | -50.1% |
| 2023 | +54.9% | +25.3% |
| 2024 | +25.6% | -25.6% |
| 2025 | +20.8% | +14.7% |
| 2026 | +17.7% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and YETI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and YETI?
The QQQ/YETI correlation stands at 0.36 on a 3-year window (1 year: 0.27, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is YETI a good diversifier for QQQ?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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-yeti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-yeti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · YETI correlations
