AFCG vs QQQ: Correlation
How closely do Advanced Flower Capital Inc. (AFCG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFCG and QQQ?
Across a 3-year window, the weekly returns of AFCG and QQQ correlate at 0.29, weak. Recent behaviour matches the longer record: 0.29 over 1 year against 0.29 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 254.6 %².
Out of 10 assets tracked against AFCG, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.8 percentage points (-26.5% for AFCG against +26.3% for QQQ). One caveat on sizing: AFCG is 2.3 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.
AFCG vs QQQ: side by side
| AFCG (Advanced Flower Capital Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -26.5% | +26.3% |
| 5-year return | -55.2% | +95.4% |
| Volatility (ann.) | 45.5% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -76.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 7.25% | 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 | AFCG | QQQ |
|---|---|---|
| 2022 | -21.2% | -32.6% |
| 2023 | -10.5% | +54.9% |
| 2024 | +18.7% | +25.6% |
| 2025 | -61.9% | +20.8% |
| 2026 | +25.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFCG and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AFCG and QQQ?
As of 2026-08-27, the correlation of weekly returns between AFCG and QQQ is 0.29 over 3 years, 0.29 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for AFCG?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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
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[](https://www.pairbook.io/pair/afcg-vs-qqq/)
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Related comparisons
Hubs: AFCG correlations · QQQ correlations
