AAPL vs QQQM: Correlation
Apple Inc. (AAPL) and Invesco Nasdaq 100 ETF (QQQM) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and QQQM?
On 3 years of weekly data the AAPL/QQQM correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.55). The 5-year figure is 0.68, and annualized covariance runs at 288.7 %².
Among the 32 assets we track against AAPL, QQQM ranks #7 by 3-year correlation. Over the last 12 months AAPL came out ahead by 10.6 percentage points (+37.0% against +26.4%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.30 to 0.84.
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.
AAPL vs QQQM: side by side
| AAPL (Apple Inc.) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +37.0% | +26.4% |
| 5-year return | +110.6% | +96.1% |
| Volatility (ann.) | 27.2% | 19.5% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -33.4% | -22.7% |
| Market cap | $4,591.0B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | AAPL | QQQM |
|---|---|---|
| 2022 | -26.4% | -32.5% |
| 2023 | +49.0% | +55.0% |
| 2024 | +30.7% | +25.7% |
| 2025 | +9.1% | +20.9% |
| 2026 | +16.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 7.39% of QQQM is AAPL itself, so the fund partly moves with the stock by construction.
Are AAPL and QQQM good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AAPL and QQQM?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.28 over the last year and 0.68 over 5 years.
Is QQQM a good diversifier for AAPL?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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/aapl-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aapl-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAPL correlations · QQQM correlations
