ADAG vs QQQ: Correlation
Adagene Inc. (ADAG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and QQQ?
On 3 years of weekly data the ADAG/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.08 lands near the 3-year figure. The 5-year figure is 0.15, and annualized covariance runs at 155.1 %².
Within ADAG's tracked universe of 15 assets, QQQ comes in at #7 by 3-year correlation. The last year tells two different stories: ADAG led by 51.8 percentage points, +78.1% for ADAG against +26.3% for QQQ. Risk is not evenly split, since ADAG carries 4.7 times the volatility of the other side.
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.
ADAG vs QQQ: side by side
| ADAG (Adagene Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +78.1% | +26.3% |
| 5-year return | -76.8% | +95.4% |
| Volatility (ann.) | 93.1% | 19.6% |
| Beta vs S&P 500 | 0.48 | 1.28 |
| Max drawdown (3Y) | -66.5% | -22.8% |
| Market cap | $0.3B | – |
| 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 | ADAG | QQQ |
|---|---|---|
| 2022 | -83.6% | -32.6% |
| 2023 | +45.7% | +54.9% |
| 2024 | +3.1% | +25.6% |
| 2025 | -5.0% | +20.8% |
| 2026 | +106.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and QQQ good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADAG and QQQ?
As of 2026-08-27, the correlation of weekly returns between ADAG and QQQ is 0.09 over 3 years, 0.08 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for ADAG?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 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.
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Related comparisons
Hubs: ADAG correlations · QQQ correlations
