ACP vs QQQ: Correlation
How closely do abrdn Income Credit Strategies Fund (ACP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACP and QQQ?
Over the past 3 years, ACP and QQQ moved with a correlation of 0.42, which is moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.42). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 130.7 %².
QQQ is close to the least connected end of ACP's tracked universe, ranking #9 of 12. The last year tells two different stories: QQQ led by 25.2 percentage points, +1.1% for ACP 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.
ACP vs QQQ: side by side
| ACP (abrdn Income Credit Strategies Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.1% | +26.3% |
| 5-year return | +0.6% | +95.4% |
| Volatility (ann.) | 16.0% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -19.0% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 18.53% | 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 | ACP | QQQ |
|---|---|---|
| 2022 | -22.9% | -32.6% |
| 2023 | +19.3% | +54.9% |
| 2024 | +4.8% | +25.6% |
| 2025 | +6.6% | +20.8% |
| 2026 | +4.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACP and QQQ good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACP and QQQ?
The ACP/QQQ correlation stands at 0.42 on a 3-year window (1 year: 0.57, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ACP?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/acp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACP correlations · QQQ correlations
