AEON vs QQQ: Correlation
AEON Biopharma, Inc. (AEON) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEON and QQQ?
Across a 3-year window, the weekly returns of AEON and QQQ correlate at 0.14, weak. The past 12 months show a weaker link (0.02) than the 3-year average (0.14). Stretching to 5 years gives 0.13, with an annualized covariance of 398.1 %².
QQQ is close to the least connected end of AEON's tracked universe, ranking #6 of 10. The last year tells two different stories: QQQ led by 88.1 percentage points, -61.8% for AEON against +26.3% for QQQ. Note the risk asymmetry: AEON runs 7.2 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.
AEON vs QQQ: side by side
| AEON (AEON Biopharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 141.3% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| 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 | AEON | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -92.5% | +25.6% |
| 2025 | -97.2% | +20.8% |
| 2026 | -73.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEON and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, AEON and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEON and QQQ?
As of 2026-08-27, the correlation of weekly returns between AEON and QQQ is 0.14 over 3 years, 0.02 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for AEON?
Yes. With a correlation of 0.14, AEON and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 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/aeon-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aeon-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEON correlations · QQQ correlations
