ACRS vs QQQ: Correlation
Measured on weekly returns over the past three years, Aclaris Therapeutics, Inc. (ACRS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and QQQ?
On 3 years of weekly data the ACRS/QQQ correlation comes out at 0.18, weak. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 376.1 %².
Within ACRS's tracked universe of 14 assets, QQQ comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACRS outperformed by 212.2 percentage points (+238.5% for ACRS against +26.3% for QQQ). One caveat on sizing: ACRS is 5.4 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.
ACRS vs QQQ: side by side
| ACRS (Aclaris Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +238.5% | +26.3% |
| 5-year return | -60.0% | +95.4% |
| Volatility (ann.) | 105.3% | 19.6% |
| Beta vs S&P 500 | 1.25 | 1.28 |
| Max drawdown (3Y) | -91.9% | -22.8% |
| Market cap | $0.9B | – |
| 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 | ACRS | QQQ |
|---|---|---|
| 2022 | +8.3% | -32.6% |
| 2023 | -93.3% | +54.9% |
| 2024 | +136.2% | +25.6% |
| 2025 | +21.4% | +20.8% |
| 2026 | +104.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACRS and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.14 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for ACRS?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 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/acrs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acrs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACRS correlations · QQQ correlations
