ACHV vs QQQ: Correlation
Measured on weekly returns over the past three years, Achieve Life Sciences, Inc. (ACHV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHV and QQQ?
On 3 years of weekly data the ACHV/QQQ correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 529.1 %².
Among the 13 assets we track against ACHV, QQQ sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ACHV outperformed by 148.2 percentage points (+174.5% for ACHV against +26.3% for QQQ). One caveat on sizing: ACHV is 4.2 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.
ACHV vs QQQ: side by side
| ACHV (Achieve Life Sciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +174.5% | +26.3% |
| 5-year return | +3.2% | +95.4% |
| Volatility (ann.) | 81.5% | 19.6% |
| Beta vs S&P 500 | 2.08 | 1.28 |
| Max drawdown (3Y) | -66.2% | -22.8% |
| Market cap | $0.8B | – |
| 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 | ACHV | QQQ |
|---|---|---|
| 2022 | -68.5% | -32.6% |
| 2023 | +68.2% | +54.9% |
| 2024 | -14.6% | +25.6% |
| 2025 | +41.2% | +20.8% |
| 2026 | +64.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHV and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACHV and QQQ?
As of 2026-08-27, the correlation of weekly returns between ACHV and QQQ is 0.33 over 3 years, 0.43 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for ACHV?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/achv-vs-qqq/)
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Related comparisons
Hubs: ACHV correlations · QQQ correlations
