AEI vs QQQ: Correlation
How closely do Alset Inc. (AEI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEI and QQQ?
Over the past 3 years, AEI and QQQ moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 496.8 %².
Out of 14 assets tracked against AEI, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 24.9 percentage points (+1.4% for AEI against +26.3% for QQQ). One caveat on sizing: AEI is 5.4 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.
AEI vs QQQ: side by side
| AEI (Alset Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.4% | +26.3% |
| 5-year return | -96.4% | +95.4% |
| Volatility (ann.) | 106.1% | 19.6% |
| Beta vs S&P 500 | 1.79 | 1.28 |
| Max drawdown (3Y) | -76.1% | -22.8% |
| Market cap | $0.1B | – |
| 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 | AEI | QQQ |
|---|---|---|
| 2022 | -79.4% | -32.6% |
| 2023 | -55.2% | +54.9% |
| 2024 | -1.0% | +25.6% |
| 2025 | +237.3% | +20.8% |
| 2026 | -57.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEI and QQQ good diversifiers for each other?
Reasonably. At 0.24, AEI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AEI and QQQ?
The AEI/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.24, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AEI?
Reasonably. At 0.24, AEI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aei-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aei-vs-qqq/)
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Related comparisons
Hubs: AEI correlations · QQQ correlations
