AEP vs QQQ: Correlation
American Electric Power (AEP) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEP and QQQ?
On 3 years of weekly data the AEP/QQQ correlation comes out at -0.13, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is 0.08, and annualized covariance runs at -47.5 %².
By 3-year correlation, QQQ places #21 of the 36 assets tracked against AEP. On 12-month performance QQQ holds a 14.2-point edge, +12.1% against +26.3%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.30 to 0.27.
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.
AEP vs QQQ: side by side
| AEP (American Electric Power) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.1% | +26.3% |
| 5-year return | +63.9% | +95.4% |
| Volatility (ann.) | 18.9% | 19.6% |
| Beta vs S&P 500 | -0.01 | 1.28 |
| Max drawdown (3Y) | -13.1% | -22.8% |
| Market cap | $66.8B | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 3.06% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | AEP | QQQ |
|---|---|---|
| 2022 | +10.4% | -32.6% |
| 2023 | -11.0% | +54.9% |
| 2024 | +18.2% | +25.6% |
| 2025 | +29.4% | +20.8% |
| 2026 | +8.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds AEP at a 0.3% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AEP and QQQ good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEP and QQQ?
As of 2026-08-27, the correlation of weekly returns between AEP and QQQ is -0.13 over 3 years, -0.18 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for AEP?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
A reading of -0.13 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/aep-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aep-vs-qqq/)
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Related comparisons
Hubs: AEP correlations · QQQ correlations
