AENT vs QQQ: Correlation
Measured on weekly returns over the past three years, Alliance Entertainment Holding Corporation (AENT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and QQQ?
On 3 years of weekly data the AENT/QQQ correlation comes out at 0.18, weak. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.18). The 5-year figure is 0.10, and annualized covariance runs at 341.4 %².
Within AENT's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. The last year tells two different stories: QQQ led by 22.3 percentage points, +4.0% for AENT against +26.3% for QQQ. Note the risk asymmetry: AENT runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AENT vs QQQ: side by side
| AENT (Alliance Entertainment Holding Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.0% | +26.3% |
| 5-year return | -43.4% | +95.4% |
| Volatility (ann.) | 94.6% | 19.6% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -78.2% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.9 | – |
| 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 | AENT | QQQ |
|---|---|---|
| 2022 | +4.0% | -32.6% |
| 2023 | -90.9% | +54.9% |
| 2024 | +876.3% | +25.6% |
| 2025 | -10.8% | +20.8% |
| 2026 | -32.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, AENT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AENT and QQQ?
As of 2026-08-27, the correlation of weekly returns between AENT and QQQ is 0.18 over 3 years, -0.02 over 1 year and 0.10 over 5 years.
Is QQQ a good diversifier for AENT?
Yes. With a correlation of 0.18, AENT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
A reading of 0.18 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/aent-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aent-vs-qqq/)
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Related comparisons
Hubs: AENT correlations · QQQ correlations
