ADEA vs QQQ: Correlation
Adeia Inc. (ADEA) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and QQQ?
On 3 years of weekly data the ADEA/QQQ correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 301.1 %².
Out of 12 assets tracked against ADEA, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months ADEA outperformed by 43.9 percentage points (+70.2% for ADEA against +26.3% for QQQ). Risk is not evenly split, since ADEA carries 2.5 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.
ADEA vs QQQ: side by side
| ADEA (Adeia Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +70.2% | +26.3% |
| 5-year return | +208.1% | +95.4% |
| Volatility (ann.) | 48.4% | 19.6% |
| Beta vs S&P 500 | 1.10 | 1.28 |
| Max drawdown (3Y) | -34.8% | -22.8% |
| Market cap | $2.9B | – |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.77% | 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 | ADEA | QQQ |
|---|---|---|
| 2022 | +18.5% | -32.6% |
| 2023 | +33.5% | +54.9% |
| 2024 | +14.8% | +25.6% |
| 2025 | +25.2% | +20.8% |
| 2026 | +52.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and QQQ good diversifiers for each other?
Reasonably. At 0.32, ADEA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADEA and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.27 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for ADEA?
Reasonably. At 0.32, ADEA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adea-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adea-vs-qqq/)
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Related comparisons
Hubs: ADEA correlations · QQQ correlations
