QQQM vs STK: Correlation
How closely do Invesco Nasdaq 100 ETF (QQQM) and Columbia Seligman Premium Technology Growth Fund Inc (STK) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQM and STK?
Over the past 3 years, QQQM and STK moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 444.4 %².
By 3-year correlation, STK places #20 of the 103 assets tracked against QQQM. Correlation aside, the last 12 months split them widely, with STK ahead by 50.4 points (+26.4% versus +76.8%).
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.
QQQM vs STK: side by side
| QQQM (Invesco Nasdaq 100 ETF) | STK (Columbia Seligman Premium Technology Growth Fund Inc) | |
|---|---|---|
| 1-year return | +26.4% | +76.8% |
| 5-year return | +96.1% | +153.2% |
| Volatility (ann.) | 19.5% | 26.4% |
| Beta vs S&P 500 | 1.28 | 1.51 |
| Max drawdown (3Y) | -22.7% | -26.6% |
| Market cap | – | – |
| P/E (trailing) | – | 5.9 |
| Dividend yield | 0.46% | 0.00% |
| Expense ratio | 0.15% | – |
| Assets under management | $97.1B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQM, Invesco's Large Growth fund, carries $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | QQQM | STK |
|---|---|---|
| 2022 | -32.5% | -30.4% |
| 2023 | +55.0% | +49.2% |
| 2024 | +25.7% | +17.7% |
| 2025 | +20.9% | +24.9% |
| 2026 | +17.7% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQM and STK good diversifiers for each other?
No. With a correlation of 0.86, QQQM and STK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between QQQM and STK?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.88 over the last year and 0.86 over 5 years.
Is STK a good diversifier for QQQM?
No. With a correlation of 0.86, QQQM and STK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 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/qqqm-vs-stk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqqm-vs-stk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQM correlations · STK correlations
