ACDC vs QQQ: Correlation
ProFrac Holding Corp. (ACDC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACDC and QQQ?
Over the past 3 years, ACDC and QQQ moved with a correlation of 0.20, which is weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.20). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 308.6 %².
Among the 12 assets we track against ACDC, QQQ sits near the bottom by co-movement, at rank #9. Their 12-month results are close: +26.7% for ACDC against +26.3% for QQQ. Note the risk asymmetry: ACDC runs 4.1 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.
ACDC vs QQQ: side by side
| ACDC (ProFrac Holding Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.7% | +26.3% |
| 5-year return | -71.0% | +95.4% |
| Volatility (ann.) | 79.9% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -73.1% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| 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 | ACDC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -66.3% | +54.9% |
| 2024 | -8.5% | +25.6% |
| 2025 | -49.9% | +20.8% |
| 2026 | +35.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACDC and QQQ good diversifiers for each other?
Reasonably. At 0.20, ACDC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACDC and QQQ?
As of 2026-08-27, the correlation of weekly returns between ACDC and QQQ is 0.20 over 3 years, 0.07 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for ACDC?
Reasonably. At 0.20, ACDC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: ACDC correlations · QQQ correlations
