ACVA vs QQQ: Correlation
ACV Auctions Inc. (ACVA) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and QQQ?
Across a 3-year window, the weekly returns of ACVA and QQQ correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 495.3 %².
Within ACVA'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 QQQ outperformed by 63.6 percentage points (-37.3% for ACVA against +26.3% for QQQ). One caveat on sizing: ACVA is 2.9 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.
ACVA vs QQQ: side by side
| ACVA (ACV Auctions Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -37.3% | +26.3% |
| 5-year return | -64.2% | +95.4% |
| Volatility (ann.) | 57.0% | 19.6% |
| Beta vs S&P 500 | 1.76 | 1.28 |
| Max drawdown (3Y) | -82.1% | -22.8% |
| Market cap | $1.2B | – |
| 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 | ACVA | QQQ |
|---|---|---|
| 2022 | -56.4% | -32.6% |
| 2023 | +84.5% | +54.9% |
| 2024 | +42.6% | +25.6% |
| 2025 | -62.9% | +20.8% |
| 2026 | -10.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and QQQ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACVA and QQQ?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.45 over the last year and 0.47 over 5 years.
Is QQQ a good diversifier for ACVA?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/acva-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acva-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACVA correlations · QQQ correlations
