ACT vs QQQ: Correlation
How closely do Enact Holdings, Inc. (ACT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACT and QQQ?
Across a 3-year window, the weekly returns of ACT and QQQ correlate at 0.20, weak. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.20 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 75.7 %².
Among the 12 assets we track against ACT, QQQ sits near the bottom by co-movement, at rank #9. The trailing year gives ACT the advantage: +31.3% versus +26.3%, a 5.0-point spread.
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.
ACT vs QQQ: side by side
| ACT (Enact Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.3% | +26.3% |
| 5-year return | +200.2% | +95.4% |
| Volatility (ann.) | 19.7% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -15.3% | -22.8% |
| Market cap | $6.7B | – |
| P/E (trailing) | 10.4 | – |
| Dividend yield | 1.77% | 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 | ACT | QQQ |
|---|---|---|
| 2022 | +24.1% | -32.6% |
| 2023 | +25.8% | +54.9% |
| 2024 | +14.7% | +25.6% |
| 2025 | +25.2% | +20.8% |
| 2026 | +25.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACT and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACT and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with -0.06 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for ACT?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/act-vs-qqq.json
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[](https://www.pairbook.io/pair/act-vs-qqq/)
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Related comparisons
Hubs: ACT correlations · QQQ correlations
