QQQ vs ZIM: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and ZIM Integrated Shipping Services Ltd. (ZIM) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZIM?
Over the past 3 years, QQQ and ZIM moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.18 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 324.9 %².
Among the 4755 assets we track against QQQ, ZIM ranks #2620 by 3-year correlation. The last year tells two different stories: ZIM led by 76.8 percentage points, +26.3% for QQQ against +103.1% for ZIM. Risk is not evenly split, since ZIM carries 3.8 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 ZIM: side by side
| QQQ (Invesco QQQ Trust) | ZIM (ZIM Integrated Shipping Services Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +103.1% |
| 5-year return | +95.4% | +125.1% |
| Volatility (ann.) | 19.6% | 73.9% |
| Beta vs S&P 500 | 1.28 | 1.32 |
| Max drawdown (3Y) | -22.8% | -46.2% |
| Market cap | – | $3.4B |
| P/E (trailing) | – | 24.1 |
| Dividend yield | 0.44% | 4.31% |
| 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 | ZIM |
|---|---|---|
| 2022 | -32.6% | -52.7% |
| 2023 | +54.9% | -21.1% |
| 2024 | +25.6% | +176.9% |
| 2025 | +20.8% | +25.6% |
| 2026 | +17.7% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZIM good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and ZIM?
As of 2026-08-27, the correlation of weekly returns between QQQ and ZIM is 0.22 over 3 years, 0.18 over 1 year and 0.27 over 5 years.
Is ZIM a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 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 · ZIM correlations
