ACAD vs QQQ: Correlation
ACADIA Pharmaceuticals Inc. (ACAD) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACAD and QQQ?
Across a 3-year window, the weekly returns of ACAD and QQQ correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 293.3 %².
Among the 15 assets we track against ACAD, QQQ sits near the bottom by co-movement, at rank #11. The trailing year gives QQQ the advantage: +11.9% versus +26.3%, a 14.4-point spread. Note the risk asymmetry: ACAD runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACAD vs QQQ: side by side
| ACAD (ACADIA Pharmaceuticals Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.9% | +26.3% |
| 5-year return | +75.2% | +95.4% |
| Volatility (ann.) | 48.8% | 19.6% |
| Beta vs S&P 500 | 1.18 | 1.28 |
| Max drawdown (3Y) | -55.6% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
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 | ACAD | QQQ |
|---|---|---|
| 2022 | -31.8% | -32.6% |
| 2023 | +96.7% | +54.9% |
| 2024 | -41.4% | +25.6% |
| 2025 | +45.6% | +20.8% |
| 2026 | +11.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACAD and QQQ good diversifiers for each other?
Reasonably. At 0.31, ACAD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACAD and QQQ?
As of 2026-08-27, the correlation of weekly returns between ACAD and QQQ is 0.31 over 3 years, 0.28 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for ACAD?
Reasonably. At 0.31, ACAD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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: ACAD correlations · QQQ correlations
