QQQ vs ZG: Correlation
How closely do Invesco QQQ Trust (QQQ) and Zillow Group, Inc. (ZG) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZG?
On 3 years of weekly data the QQQ/ZG correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.23 over 1 year against 0.33 over 3. The 5-year figure is 0.41, and annualized covariance runs at 304.3 %².
Among the 4755 assets we track against QQQ, ZG ranks #1252 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 81.8 points (+26.3% versus -55.5%). Risk is not evenly split, since ZG carries 2.4 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 ZG: side by side
| QQQ (Invesco QQQ Trust) | ZG (Zillow Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -55.5% |
| 5-year return | +95.4% | -62.1% |
| Volatility (ann.) | 19.6% | 46.8% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -22.8% | -66.4% |
| Market cap | – | $8.2B |
| P/E (trailing) | – | 158.0 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | ZG |
|---|---|---|
| 2022 | -32.6% | -49.8% |
| 2023 | +54.9% | +81.7% |
| 2024 | +25.6% | +24.9% |
| 2025 | +20.8% | -3.7% |
| 2026 | +17.7% | -46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZG good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and ZG?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.23 over the last year and 0.41 over 5 years.
Is ZG a good diversifier for QQQ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · ZG correlations
