ACEL vs QQQ: Correlation
Measured on weekly returns over the past three years, Accel Entertainment, Inc. (ACEL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and QQQ?
Across a 3-year window, the weekly returns of ACEL and QQQ correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.34 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 186.0 %².
Out of 16 assets tracked against ACEL, QQQ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.0 percentage points (+1.3% for ACEL against +26.3% for QQQ).
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.
ACEL vs QQQ: side by side
| ACEL (Accel Entertainment, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.3% | +26.3% |
| 5-year return | +1.6% | +95.4% |
| Volatility (ann.) | 28.0% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -26.0% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 17.7 | – |
| 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 | ACEL | QQQ |
|---|---|---|
| 2022 | -40.9% | -32.6% |
| 2023 | +33.4% | +54.9% |
| 2024 | +4.0% | +25.6% |
| 2025 | +6.8% | +20.8% |
| 2026 | +2.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and QQQ good diversifiers for each other?
Reasonably. At 0.34, ACEL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACEL and QQQ?
The ACEL/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.23, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ACEL?
Reasonably. At 0.34, ACEL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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
$ curl https://www.pairbook.io/api/v1/pairs/acel-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acel-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACEL correlations · QQQ correlations
