AEG vs QQQ: Correlation
How closely do Aegon Ltd. New York Registry Shares (AEG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEG and QQQ?
On 3 years of weekly data the AEG/QQQ correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.49 over 3. The 5-year figure is 0.44, and annualized covariance runs at 233.0 %².
Among the 10 assets we track against AEG, QQQ sits near the bottom by co-movement, at rank #7. On 12-month performance QQQ holds a 5.7-point edge, +20.6% against +26.3%.
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.
AEG vs QQQ: side by side
| AEG (Aegon Ltd. New York Registry Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.6% | +26.3% |
| 5-year return | +132.6% | +95.4% |
| Volatility (ann.) | 24.5% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -18.4% | -22.8% |
| Market cap | $13.6B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 4.56% | 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 | AEG | QQQ |
|---|---|---|
| 2022 | +6.5% | -32.6% |
| 2023 | +21.2% | +54.9% |
| 2024 | +8.4% | +25.6% |
| 2025 | +35.1% | +20.8% |
| 2026 | +22.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEG and QQQ good diversifiers for each other?
Reasonably. At 0.49, AEG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AEG and QQQ?
As of 2026-08-27, the correlation of weekly returns between AEG and QQQ is 0.49 over 3 years, 0.44 over 1 year and 0.44 over 5 years.
Is QQQ a good diversifier for AEG?
Reasonably. At 0.49, AEG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
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Related comparisons
Hubs: AEG correlations · QQQ correlations
