ACHR vs QQQ: Correlation
Measured on weekly returns over the past three years, Archer Aviation Inc. (ACHR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHR and QQQ?
Across a 3-year window, the weekly returns of ACHR and QQQ correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.47, with an annualized covariance of 850.0 %².
Among the 26 assets we track against ACHR, QQQ ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 61.5 points (-35.2% versus +26.3%). One caveat on sizing: ACHR is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACHR vs QQQ: side by side
| ACHR (Archer Aviation Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -35.2% | +26.3% |
| 5-year return | -40.7% | +95.4% |
| Volatility (ann.) | 87.9% | 19.6% |
| Beta vs S&P 500 | 3.18 | 1.28 |
| Max drawdown (3Y) | -67.4% | -22.8% |
| Market cap | $4.6B | – |
| 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 | ACHR | QQQ |
|---|---|---|
| 2022 | -69.0% | -32.6% |
| 2023 | +228.3% | +54.9% |
| 2024 | +58.8% | +25.6% |
| 2025 | -22.9% | +20.8% |
| 2026 | -21.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and QQQ good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACHR and QQQ?
As of 2026-08-27, the correlation of weekly returns between ACHR and QQQ is 0.49 over 3 years, 0.60 over 1 year and 0.47 over 5 years.
Is QQQ a good diversifier for ACHR?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: ACHR correlations · QQQ correlations
